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
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Grace Prep Incorporated is mapped to EIN 201224844.
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80% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $608K |
| Total Expenses | $757K |
| Program Spending | 80% |
| Net Assets | $213K |
| Transparency Score | 75/100 |
Search Intent Cockpit
Grace Prep Incorporated Form 990, Revenue, CEO Pay, and IRS Filing Signals
Grace Prep Incorporated is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Grace Prep Incorporated in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $655K and expenses of $757K.
Revenue and Expenses
Grace Prep Incorporated reported $655K in revenue and $757K in expenses, a deficit of $103K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $606K (80%) |
Across stored filings, Grace Prep Incorporated shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 12 stored filing years |
| Peer context | Compare with The Garage Community And Youth Center | Pennsylvania and Education context |
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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.
Organization Overview
Grace Prep Incorporated is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $655K |
| Total Expenses | $757K |
| Surplus / Deficit | $-102,648 |
| Total Assets | $279K |
| Total Liabilities | $66K |
| Net Assets | $213K |
| Operating Margin | -15.7% |
| Debt-to-Asset Ratio | 23.6% |
| Months of Reserves | 4.4 months |
Financial Health Grade: B
In 2023, Grace Prep Incorporated reported a deficit of $103K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 23.6% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Grace Prep Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.6% | +4.7% | -31.4% |
| 2022 | -4.7% | +5.8% | +6.6% |
| 2021 | -1.0% | -5.6% | +12.7% |
| 2020 | -17.7% | -13.5% | +31.9% |
| 2019 | +20.6% | +5.4% | +122.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $103K, with expenses exceeding revenue.
- Debt-to-asset ratio: 23.6%.
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?
Grace Prep Incorporated (EIN: 201224844) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $608K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Grace Prep Incorporated spend its money?
Grace Prep Incorporated directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
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.
What percentage of Grace Prep Incorporated's spending goes to programs?
Grace Prep Incorporated directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Grace Prep Incorporated compare to similar nonprofits?
With a transparency score of 75/100 (Good), Grace Prep Incorporated is above average for NTEE category B25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grace Prep Incorporated located?
Grace Prep Incorporated is headquartered in State College, Pennsylvania and files with the IRS under EIN 201224844. It is classified under NTEE code B25.
How many years of IRS 990 filings does Grace Prep Incorporated have?
Grace Prep Incorporated has 12 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 $608K in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace Prep Incorporated:
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.