Grace Korean Church
Grace Korean Church shows consistent revenue growth and zero liabilities with no reported officer compensation.
EIN: 200615467 · Glenmont, MD · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $235K |
| Total Expenses | $153K |
| Program Spending | 90% |
| Net Assets | $32K |
| Transparency Score | 85/100 |
Is Grace Korean Church Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grace Korean Church directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grace Korean Church
Grace Korean Church (EIN: 200615467) is a nonprofit organization based in Glenmont, MD, classified under NTEE code X21. The organization reported total revenue of $235K and total assets of $72K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Korean Church's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace Korean Church is a small nonprofit that has been operating for 21 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 49.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $168K |
| Total Expenses | $153K |
| Surplus / Deficit | +$14K |
| Total Assets | $32K |
| Net Assets | $32K |
| Operating Margin | 8.6% |
| Months of Reserves | 2.5 months |
Financial Health Grade: A
In 2023, Grace Korean Church reported a surplus of $14K with revenue exceeding expenses, holds 2.5 months of operating reserves (limited).
Financial Trends
Over 3 years of filings (2021–2023), Grace Korean Church's revenue has grown at a compound annual growth rate (CAGR) of 49.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +97.4% | +84.5% | +83.1% |
| 2022 | +12.7% | +33.5% | +12.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Grace Korean Church with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Grace Korean Church allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is a positive sign for resource allocation towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Grace Korean Church:
- Consistent revenue growth from $75,452 in 2021 to $167,779 in 2023.
- Zero reported liabilities across all filings, indicating strong financial health.
- 0% officer compensation reported, suggesting volunteer leadership or efficient compensation structures.
- Assets have grown steadily from $15,521 in 2021 to $31,886 in 2023.
Frequently Asked Questions about Grace Korean Church
Is Grace Korean Church a legitimate charity?
Grace Korean Church (EIN: 200615467) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 85/100. It has 3 years of IRS 990 filings on record. Total revenue: $235K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Grace Korean Church spend its money?
Grace Korean Church directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Grace Korean Church tax-deductible?
Grace Korean Church is registered as a tax-exempt nonprofit (EIN: 200615467). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Grace Korean Church's spending goes to programs?
Grace Korean Church directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Grace Korean Church compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Grace Korean Church is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grace Korean Church located?
Grace Korean Church is headquartered in Glenmont, Maryland and files with the IRS under EIN 200615467. It is classified under NTEE code X21.
How many years of IRS 990 filings does Grace Korean Church have?
Grace Korean Church has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $235K in total revenue.
Is Grace Korean Church a good charity?
Based on the provided data, Grace Korean Church appears to be a financially sound organization with consistent revenue growth, no liabilities, and 0% reported officer compensation, suggesting efficient use of funds and strong governance. Its NTEE code X21 indicates a focus on religious and community programs.
How has Grace Korean Church's revenue changed over time?
Grace Korean Church has experienced significant revenue growth, increasing from $75,452 in 2021 to $167,779 in 2023, demonstrating a positive financial trend.
Does Grace Korean Church have any debt?
No, Grace Korean Church has reported $0 in liabilities across all three available IRS 990 filings (2021, 2022, and 2023), indicating it operates debt-free.
Filing History
IRS 990 filing history for Grace Korean Church showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Grace Korean Church's revenue has grown by 122.4%, moving from $75K to $168K. Total assets increased by 105.4% over the same period, from $16K to $32K. Total functional expenses rose by 146.3%, from $62K to $153K. In its most recent filing year (2023), Grace Korean Church reported a surplus of $14K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $168K | $153K | $32K | $0 | — | View 990 |
| 2022 | $85K | $83K | $17K | $0 | — | View 990 |
| 2021 | $75K | $62K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $168K, expenses of $153K, and assets of $32K (revenue +97.4% year-over-year).
- 2022: Revenue of $85K, expenses of $83K, and assets of $17K (revenue +12.7% year-over-year).
- 2021: Revenue of $75K, expenses of $62K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace Korean Church:
Data Sources and Methodology
This transparency report for Grace Korean Church is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.