Grace Legacy Builders Inc
EIN: 371635688 · Grand Rapids, MI · NTEE: T99
| Metric | Value |
|---|---|
| Total Revenue | $173K |
| Total Expenses | $203K |
| Net Assets | $803K |
Is Grace Legacy Builders Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grace Legacy Builders Inc
Grace Legacy Builders Inc (EIN: 371635688) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code T99. The organization reported total revenue of $173K and total assets of $784K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Legacy Builders Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace Legacy Builders Inc is a small nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $157K |
| Total Expenses | $203K |
| Surplus / Deficit | $-46,631 |
| Total Assets | $803K |
| Net Assets | $803K |
| Operating Margin | -29.8% |
| Months of Reserves | 47.4 months |
Financial Health Grade: B
In 2023, Grace Legacy Builders Inc reported a deficit of $47K with expenses exceeding revenue, holds 47.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Grace Legacy Builders Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.3% | +9.3% | -5.5% |
| 2022 | -21.1% | +15.7% | -4.5% |
| 2021 | +45.4% | +0.9% | +0.7% |
| 2020 | -9.1% | +1.7% | -2.2% |
| 2019 | +13.7% | +3.6% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grace Legacy Builders Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Grace Legacy Builders Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $47K, with expenses exceeding revenue.
Frequently Asked Questions about Grace Legacy Builders Inc
Is Grace Legacy Builders Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grace Legacy Builders Inc (EIN: 371635688) insufficient data. 0 red flags identified, 0 strengths noted.
How does Grace Legacy Builders Inc spend its money?
Detailed spending breakdown data is not yet available for Grace Legacy Builders Inc. Check back for updated IRS 990 analysis.
Are donations to Grace Legacy Builders Inc tax-deductible?
Grace Legacy Builders Inc is registered as a tax-exempt nonprofit (EIN: 371635688). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grace Legacy Builders Inc located?
Grace Legacy Builders Inc is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 371635688. It is classified under NTEE code T99.
How many years of IRS 990 filings does Grace Legacy Builders Inc have?
Grace Legacy Builders Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $173K in total revenue.
Filing History
IRS 990 filing history for Grace Legacy Builders Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grace Legacy Builders Inc's revenue has declined by 73.5%, moving from $590K to $157K. Total assets increased by 21.9% over the same period, from $659K to $803K. Total functional expenses rose by 545%, from $31K to $203K. In its most recent filing year (2023), Grace Legacy Builders Inc reported a deficit of $47K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $157K | $203K | $803K | $0 | — | — |
| 2022 | $146K | $186K | $849K | $0 | — | — |
| 2021 | $185K | $161K | $889K | $0 | — | — |
| 2020 | $127K | $159K | $883K | $18K | — | View 990 |
| 2019 | $140K | $157K | $903K | $5K | — | View 990 |
| 2018 | $123K | $151K | $917K | $3K | — | View 990 |
| 2017 | $109K | $139K | $948K | $5K | — | View 990 |
| 2016 | $101K | $123K | $975K | $3K | — | View 990 |
| 2015 | $86K | $119K | $995K | $1K | — | View 990 |
| 2014 | $65K | $123K | $1.0M | $0 | — | View 990 |
| 2013 | $156K | $111K | $1.1M | $0 | — | View 990 |
| 2012 | $548K | $68K | $1.0M | $0 | — | View 990 |
| 2011 | $590K | $31K | $659K | $100K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $157K, expenses of $203K, and assets of $803K (revenue +7.3% year-over-year).
- 2022: Revenue of $146K, expenses of $186K, and assets of $849K (revenue -21.1% year-over-year).
- 2021: Revenue of $185K, expenses of $161K, and assets of $889K (revenue +45.4% year-over-year).
- 2020: Revenue of $127K, expenses of $159K, and assets of $883K (revenue -9.1% year-over-year).
- 2019: Revenue of $140K, expenses of $157K, and assets of $903K (revenue +13.7% year-over-year).
- 2018: Revenue of $123K, expenses of $151K, and assets of $917K (revenue +12.5% year-over-year).
- 2017: Revenue of $109K, expenses of $139K, and assets of $948K (revenue +8.1% year-over-year).
- 2016: Revenue of $101K, expenses of $123K, and assets of $975K (revenue +17.0% year-over-year).
- 2015: Revenue of $86K, expenses of $119K, and assets of $995K (revenue +32.0% year-over-year).
- 2014: Revenue of $65K, expenses of $123K, and assets of $1.0M (revenue -58.0% year-over-year).
- 2013: Revenue of $156K, expenses of $111K, and assets of $1.1M (revenue -71.6% year-over-year).
- 2012: Revenue of $548K, expenses of $68K, and assets of $1.0M (revenue -7.2% year-over-year).
- 2011: Revenue of $590K, expenses of $31K, and assets of $659K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace Legacy Builders Inc:
Data Sources and Methodology
This transparency report for Grace Legacy Builders Inc 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.