Grace Prep Incorporated
Grace Prep Incorporated frequently operates with expenses exceeding revenue, though executive compensation remains at 0%.
EIN: 201224844 · State College, PA · NTEE: B25 · Updated: 2026-03-28
Is Grace Prep Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grace Prep Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grace Prep Incorporated
Grace Prep Incorporated (EIN: 201224844) is a nonprofit organization based in State College, PA, classified under NTEE code B25. The organization reported total revenue of $608K and total assets of $284K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Prep Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Grace Prep 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Grace Prep Incorporated allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this revenue size and suggests a volunteer-led or very lean leadership model.
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 Prep Incorporated's IRS 990 filings:
- Expenses frequently exceed revenue, as seen in 2023 ($757,241 expenses vs. $654,593 revenue), indicating potential operational deficits.
- Revenue has shown a declining trend from a peak of $931,795 in 2019 to $654,593 in 2023, which could impact future operations.
Strengths
The following positive indicators were identified for Grace Prep Incorporated:
- Consistent reporting of 0% officer compensation across all filings, demonstrating high transparency and dedication to mission.
- Maintained a base of assets, growing from $197,556 in 2014 to $278,600 in 2023, providing some financial stability.
- Liabilities have decreased significantly in the most recent period (2023) to $65,748 from higher levels in previous years.
Frequently Asked Questions about Grace Prep Incorporated
Is Grace Prep Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Grace Prep Incorporated (EIN: 201224844) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Grace Prep Incorporated spend its money?
Grace Prep Incorporated directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Grace Prep Incorporated tax-deductible?
Grace Prep Incorporated is registered as a tax-exempt nonprofit (EIN: 201224844). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Grace Prep Incorporated financially sustainable given its recent deficits?
Grace Prep Incorporated has experienced periods where expenses exceeded revenue, notably in 2023 ($757,241 expenses vs. $654,593 revenue). While assets have grown over time, consistent deficits could impact long-term sustainability if not addressed through increased revenue or expense management.
How does Grace Prep Incorporated manage without paying officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or that key roles are filled by individuals compensated through other means not classified as officer compensation, which is a significant indicator of dedication to the mission.
What is the trend in Grace Prep Incorporated's assets and liabilities?
Assets have fluctuated but generally show an upward trend from $197,556 in 2014 to $278,600 in 2023, indicating some growth in financial reserves. Liabilities have also varied, reaching a high of $219,116 in 2017 but decreasing to $65,748 in 2023, which is a positive sign.
Filing History
IRS 990 filing history for Grace Prep Incorporated showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Grace Prep Incorporated's revenue has grown by 18.3%, moving from $553K to $655K. Total assets increased by 650.3% over the same period, from $37K to $279K. Total functional expenses rose by 59.2%, from $476K to $757K. In its most recent filing year (2023), Grace Prep Incorporated reported a deficit of $103K, with expenses exceeding revenue. The organization holds $66K in liabilities against $279K in assets (debt-to-asset ratio: 23.6%), resulting in net assets of $213K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $655K | $757K | $279K | $66K | — | View 990 |
| 2022 | $724K | $723K | $406K | $91K | — | View 990 |
| 2021 | $760K | $684K | $381K | $165K | — | View 990 |
| 2020 | $767K | $724K | $338K | $198K | — | View 990 |
| 2019 | $932K | $837K | $256K | $159K | — | View 990 |
| 2018 | $773K | $794K | $115K | $113K | — | View 990 |
| 2017 | $753K | $777K | $243K | $219K | — | View 990 |
| 2016 | $738K | $783K | $123K | $75K | — | View 990 |
| 2015 | $683K | $660K | $238K | $145K | — | View 990 |
| 2014 | $641K | $560K | $198K | $128K | — | View 990 |
| 2013 | $508K | $513K | $99K | $109K | — | View 990 |
| 2012 | $553K | $476K | $37K | $43K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $655K, expenses of $757K, and assets of $279K (revenue -9.6% year-over-year).
- 2022: Revenue of $724K, expenses of $723K, and assets of $406K (revenue -4.7% year-over-year).
- 2021: Revenue of $760K, expenses of $684K, and assets of $381K (revenue -1.0% year-over-year).
- 2020: Revenue of $767K, expenses of $724K, and assets of $338K (revenue -17.7% year-over-year).
- 2019: Revenue of $932K, expenses of $837K, and assets of $256K (revenue +20.6% year-over-year).
- 2018: Revenue of $773K, expenses of $794K, and assets of $115K (revenue +2.6% year-over-year).
- 2017: Revenue of $753K, expenses of $777K, and assets of $243K (revenue +2.1% year-over-year).
- 2016: Revenue of $738K, expenses of $783K, and assets of $123K (revenue +7.9% year-over-year).
- 2015: Revenue of $683K, expenses of $660K, and assets of $238K (revenue +6.7% year-over-year).
- 2014: Revenue of $641K, expenses of $560K, and assets of $198K (revenue +26.1% year-over-year).
- 2013: Revenue of $508K, expenses of $513K, and assets of $99K (revenue -8.2% year-over-year).
- 2012: Revenue of $553K, expenses of $476K, and assets of $37K.
Data Sources and Methodology
This transparency report for Grace Prep 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.