Grace Smith House Inc

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Grace Smith House Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Grace Smith House Inc 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 Smith House Inc in one place.

Is Grace Smith House Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Grace Smith House Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Grace Smith House Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Grace Smith House Inc

Grace Smith House Inc (EIN: 141626657) is a nonprofit organization based in Poughkeepsie, NY, classified under NTEE code P620. The organization reported total revenue of $6.0M and total assets of $9.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Smith House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Grace Smith House Inc is a mid-size nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Grace Smith House Inc reported a surplus of $641K with revenue exceeding expenses, holds 36.9 months of operating reserves (strong position), has a debt-to-asset ratio of 3.2% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Grace Smith House Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.

IRS Tax-Exempt Classification

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 Smith House Inc with a Mission Score of 92 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: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Grace Smith House Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $641K, with revenue exceeding expenses.
• Debt-to-asset ratio: 3.2%.

Executive Compensation Analysis

Grace Smith House Inc. consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through non-officer roles, which is highly favorable for an organization of its size with assets exceeding $7 million.

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 Smith House Inc:

• Consistent operating surplus, with 2023 revenue ($3,214,955) exceeding expenses ($2,573,923).
• Significant asset growth from $4,853,766 in 2014 to $7,919,109 in 2023.
• Zero reported officer compensation across all available filings, indicating high efficiency and dedication.
• Strong financial stability with low liabilities relative to assets (e.g., $253,616 liabilities vs. $7,919,109 assets in 2023).
• Consistent filing history of IRS 990s, demonstrating transparency and accountability.

Frequently Asked Questions about Grace Smith House Inc

Filing History

IRS 990 filing history for Grace Smith House Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Grace Smith House Inc's revenue has grown by 59.1%, moving from $2.0M to $3.2M. Total assets increased by 162.8% over the same period, from $3.0M to $7.9M. Total functional expenses rose by 21.4%, from $2.1M to $2.6M. In its most recent filing year (2023), Grace Smith House Inc reported a surplus of $641K, with revenue exceeding expenses. The organization holds $254K in liabilities against $7.9M in assets (debt-to-asset ratio: 3.2%), resulting in net assets of $7.7M.

Year-by-Year Financial Summary

• 2023: Revenue of $3.2M, expenses of $2.6M, and assets of $7.9M (revenue +12.5% year-over-year).
• 2022: Revenue of $2.9M, expenses of $2.5M, and assets of $7.1M (revenue -7.4% year-over-year).
• 2021: Revenue of $3.1M, expenses of $2.4M, and assets of $7.3M (revenue +4.5% year-over-year).
• 2020: Revenue of $3.0M, expenses of $2.5M, and assets of $6.5M (revenue +6.9% year-over-year).
• 2019: Revenue of $2.8M, expenses of $2.5M, and assets of $5.8M (revenue -5.0% year-over-year).
• 2018: Revenue of $2.9M, expenses of $2.5M, and assets of $5.4M (revenue +33.9% year-over-year).
• 2017: Revenue of $2.2M, expenses of $2.4M, and assets of $4.9M (revenue -22.3% year-over-year).
• 2016: Revenue of $2.8M, expenses of $2.5M, and assets of $5.1M (revenue +16.0% year-over-year).
• 2015: Revenue of $2.4M, expenses of $2.4M, and assets of $4.7M (revenue -41.0% year-over-year).
• 2014: Revenue of $4.1M, expenses of $2.3M, and assets of $4.9M (revenue +65.6% year-over-year).
• 2013: Revenue of $2.5M, expenses of $2.5M, and assets of $3.0M (revenue -3.0% year-over-year).
• 2012: Revenue of $2.5M, expenses of $2.5M, and assets of $3.3M (revenue +25.7% year-over-year).
• 2011: Revenue of $2.0M, expenses of $2.1M, and assets of $3.0M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Grace Smith House Inc:

Data Sources and Methodology

This transparency report for Grace Smith House 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.