Grace On Wings Incorporated
Grace On Wings sees declining revenue and assets, consistently reports 0% officer compensation.
EIN: 205512973 · Indianapolis, IN · NTEE: X90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $265K |
| Total Expenses | $879K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $800k |
| Net Assets | $37K |
| Transparency Score | 75/100 |
Is Grace On Wings Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grace On Wings Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grace On Wings Incorporated
Grace On Wings Incorporated (EIN: 205512973) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code X90. The organization reported total revenue of $265K and total assets of $238K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace On Wings Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace On Wings Incorporated is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $808K |
| Total Expenses | $879K |
| Surplus / Deficit | $-71,572 |
| Total Assets | $311K |
| Total Liabilities | $274K |
| Net Assets | $37K |
| Operating Margin | -8.9% |
| Debt-to-Asset Ratio | 88.2% |
| Months of Reserves | 4.2 months |
Financial Health Grade: C
In 2023, Grace On Wings Incorporated reported a deficit of $72K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 88.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Grace On Wings Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.7% | +0.6% | -23.2% |
| 2022 | -25.8% | -31.5% | -44.4% |
| 2021 | +20.0% | +26.0% | +12.3% |
| 2020 | +12.0% | -1.6% | -5.8% |
| 2019 | -8.4% | -10.8% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 On Wings Incorporated with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Grace On Wings Incorporated allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 deficit of $72K, with expenses exceeding revenue.
- Debt-to-asset ratio: 88.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a strong commitment to directing all funds towards the organization's mission rather than executive salaries, which is highly commendable for an organization of its size (annual revenues typically between $800k-$1.3M).
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.
Red Flags
The following concerns were identified during AI analysis of Grace On Wings Incorporated's IRS 990 filings:
- Declining revenue trend from $1.3M in 2021 to $807k in 2023.
- Decreasing asset base from $729k in 2021 to $311k in 2023.
- Expenses frequently exceed revenue (e.g., $879,378 expenses vs. $807,806 revenue in 2023), potentially eroding reserves.
Strengths
The following positive indicators were identified for Grace On Wings Incorporated:
- Consistent reporting of 0% officer compensation across all filings, demonstrating strong commitment to mission over executive pay.
- Long operational history with 13 IRS 990 filings, indicating stability and continued service.
- Maintains a positive asset balance, though it has been declining.
Frequently Asked Questions about Grace On Wings Incorporated
Is Grace On Wings Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Grace On Wings Incorporated (EIN: 205512973) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Grace On Wings Incorporated spend its money?
Grace On Wings Incorporated directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Grace On Wings Incorporated tax-deductible?
Grace On Wings Incorporated is registered as a tax-exempt nonprofit (EIN: 205512973). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Grace On Wings Incorporated CEO make?
Grace On Wings Incorporated's highest-compensated officer earns $800k annually. The organization reported $265K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Grace On Wings Incorporated's spending goes to programs?
Grace On Wings Incorporated directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Grace On Wings Incorporated compare to similar nonprofits?
With a transparency score of 75/100 (Good), Grace On Wings Incorporated is above average for NTEE category X90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grace On Wings Incorporated located?
Grace On Wings Incorporated is headquartered in Indianapolis, Indiana and files with the IRS under EIN 205512973. It is classified under NTEE code X90.
How many years of IRS 990 filings does Grace On Wings Incorporated have?
Grace On Wings Incorporated 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 $265K in total revenue.
Is Grace On Wings a good charity?
Grace On Wings demonstrates strong transparency regarding executive compensation, reporting 0% for all available periods. However, recent financial trends show declining revenue and assets, and expenses have frequently exceeded revenue, which could impact long-term sustainability. A full assessment would require more detailed expense breakdowns.
What is the trend in Grace On Wings' financial health?
Grace On Wings has experienced a decline in revenue from $1,306,845 in 2021 to $807,806 in 2023, and assets have decreased from $729,063 to $311,306 in the same period. This indicates a contracting financial position over the last few years.
How does Grace On Wings manage its executive compensation?
Grace On Wings consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating that no salaries are paid to its officers, which is a significant positive for donor confidence and mission focus.
Filing History
IRS 990 filing history for Grace On Wings Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grace On Wings Incorporated's revenue has grown by 10.5%, moving from $731K to $808K. Total assets decreased by 61% over the same period, from $797K to $311K. Total functional expenses rose by 29.2%, from $681K to $879K. In its most recent filing year (2023), Grace On Wings Incorporated reported a deficit of $72K, with expenses exceeding revenue. The organization holds $274K in liabilities against $311K in assets (debt-to-asset ratio: 88.2%), resulting in net assets of $37K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $808K | $879K | $311K | $274K | — | View 990 |
| 2022 | $970K | $874K | $405K | $297K | — | View 990 |
| 2021 | $1.3M | $1.3M | $729K | $716K | — | — |
| 2020 | $1.1M | $1.0M | $649K | $668K | — | View 990 |
| 2019 | $972K | $1.0M | $690K | $780K | — | View 990 |
| 2018 | $1.1M | $1.2M | $719K | $753K | — | View 990 |
| 2017 | $1.1M | $1.2M | $868K | $809K | — | View 990 |
| 2016 | $931K | $1.2M | $1.1M | $915K | — | View 990 |
| 2015 | $676K | $927K | $1.3M | $900K | — | View 990 |
| 2014 | $1.1M | $1.0M | $1.6M | $955K | — | View 990 |
| 2013 | $1.3M | $1.1M | $1.5M | $984K | — | View 990 |
| 2012 | $1.2M | $891K | $1.0M | $687K | — | View 990 |
| 2011 | $731K | $681K | $797K | $719K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $808K, expenses of $879K, and assets of $311K (revenue -16.7% year-over-year).
- 2022: Revenue of $970K, expenses of $874K, and assets of $405K (revenue -25.8% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $729K (revenue +20.0% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.0M, and assets of $649K (revenue +12.0% year-over-year).
- 2019: Revenue of $972K, expenses of $1.0M, and assets of $690K (revenue -8.4% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.2M, and assets of $719K (revenue +0.4% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.2M, and assets of $868K (revenue +13.5% year-over-year).
- 2016: Revenue of $931K, expenses of $1.2M, and assets of $1.1M (revenue +37.7% year-over-year).
- 2015: Revenue of $676K, expenses of $927K, and assets of $1.3M (revenue -39.1% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.0M, and assets of $1.6M (revenue -14.6% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.1M, and assets of $1.5M (revenue +12.7% year-over-year).
- 2012: Revenue of $1.2M, expenses of $891K, and assets of $1.0M (revenue +57.7% year-over-year).
- 2011: Revenue of $731K, expenses of $681K, and assets of $797K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace On Wings Incorporated:
Data Sources and Methodology
This transparency report for Grace On Wings Incorporated 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.