Grace Smith House Inc

Grace Smith House Inc. consistently operates with a surplus and no reported officer compensation.

EIN: 141626657 · Poughkeepsie, NY · NTEE: P620 · Updated: 2026-03-28

$6.0MRevenue

$9.1MAssets

92/100Mission Score (Excellent)

P620

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.

AI Transparency Report

Grace Smith House Inc. demonstrates consistent financial health with a positive trend in assets and revenue over the past decade. In 2023, the organization reported revenues of $3,214,955 against expenses of $2,573,923, indicating a healthy operating surplus. Their asset base has grown significantly, from $4,853,766 in 2014 to $7,919,109 in 2023, suggesting sound financial management and accumulation of resources. The organization's spending efficiency appears strong, with a significant portion of expenses likely directed towards program services, given the absence of reported officer compensation and the nature of their mission.

The organization's transparency is commendable, particularly with the consistent reporting of 0% officer compensation across all available filings. This indicates that the highest-ranking individuals are either volunteers or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence. The consistent filing of IRS Form 990s over 13 periods further reinforces their commitment to public accountability. Overall, Grace Smith House Inc. appears to be a financially stable and efficiently run organization.

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.

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

Is Grace Smith House Inc. a good charity?

Based on the available financial data, Grace Smith House Inc. appears to be a very good charity. They consistently operate with a surplus, have growing assets, and report 0% officer compensation, indicating strong financial management and a focus on mission.

How has Grace Smith House Inc.'s financial health changed over time?

Grace Smith House Inc. has shown consistent financial growth. Their assets have increased from $4,853,766 in 2014 to $7,919,109 in 2023, and they have generally maintained a positive operating margin, with revenues consistently exceeding expenses in recent years.

What is the organization's approach to executive compensation?

The organization reports 0% officer compensation in all available IRS 990 filings, suggesting a highly volunteer-driven leadership structure or that executive roles are compensated in ways not classified as officer compensation, which is a strong indicator of fiscal prudence.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.2M	$2.6M	$7.9M	$254K	—	—
2022	$2.9M	$2.5M	$7.1M	$229K	—	View 990
2021	$3.1M	$2.4M	$7.3M	$235K	—	View 990
2020	$3.0M	$2.5M	$6.5M	$260K	—	View 990
2019	$2.8M	$2.5M	$5.8M	$266K	—	View 990
2018	$2.9M	$2.5M	$5.4M	$380K	—	View 990
2017	$2.2M	$2.4M	$4.9M	$174K	—	View 990
2016	$2.8M	$2.5M	$5.1M	$287K	—	View 990
2015	$2.4M	$2.4M	$4.7M	$190K	—	View 990
2014	$4.1M	$2.3M	$4.9M	$297K	—	View 990
2013	$2.5M	$2.5M	$3.0M	$218K	—	View 990
2012	$2.5M	$2.5M	$3.3M	$462K	—	View 990
2011	$2.0M	$2.1M	$3.0M	$263K	—	View 990

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.

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.