Gracepoint Foundation
EIN: 421373943 · Dubuque, IA
| Metric | Value |
|---|---|
| Total Revenue | $70K |
| Total Expenses | $25K |
| Net Assets | $341K |
Is Gracepoint Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gracepoint Foundation
Gracepoint Foundation (EIN: 421373943) is a nonprofit organization based in Dubuque, IA. The organization reported total revenue of $70K and total assets of $402K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gracepoint Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gracepoint Foundation is a micro nonprofit that has been operating for 34 years, with 4 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -11.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34K |
| Total Expenses | $25K |
| Surplus / Deficit | +$9K |
| Total Assets | $341K |
| Net Assets | $341K |
| Operating Margin | 25.6% |
| Months of Reserves | 161.4 months |
Financial Health Grade: A
In 2023, Gracepoint Foundation reported a surplus of $9K with revenue exceeding expenses, holds 161.4 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2012–2023), Gracepoint Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +75.7% | -75.7% | +2.6% |
| 2022 | -66.3% | +139.6% | -20.4% |
| 2021 | -58.0% | -40.5% | -9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gracepoint Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gracepoint Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
Frequently Asked Questions about Gracepoint Foundation
Is Gracepoint Foundation a legitimate charity?
Gracepoint Foundation (EIN: 421373943) is a registered tax-exempt nonprofit based in Iowa. It has 4 years of IRS 990 filings on record. Total revenue: $70K. No red flags identified. Financial health grade: A.
How does Gracepoint Foundation spend its money?
Gracepoint Foundation reported $70K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gracepoint Foundation tax-deductible?
Gracepoint Foundation is registered as a tax-exempt nonprofit (EIN: 421373943). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gracepoint Foundation located?
Gracepoint Foundation is headquartered in Dubuque, Iowa and files with the IRS under EIN 421373943.
How many years of IRS 990 filings does Gracepoint Foundation have?
Gracepoint Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $70K in total revenue.
Filing History
IRS 990 filing history for Gracepoint Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2012–2023), Gracepoint Foundation's revenue has declined by 75.1%, moving from $137K to $34K. Total assets decreased by 25.6% over the same period, from $458K to $341K. Total functional expenses fell by 65.4%, from $73K to $25K. In its most recent filing year (2023), Gracepoint Foundation reported a surplus of $9K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34K | $25K | $341K | $0 | — | View 990 |
| 2022 | $19K | $104K | $332K | $0 | — | View 990 |
| 2021 | $57K | $44K | $417K | $0 | — | — |
| 2012 | $137K | $73K | $458K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34K, expenses of $25K, and assets of $341K (revenue +75.7% year-over-year).
- 2022: Revenue of $19K, expenses of $104K, and assets of $332K (revenue -66.3% year-over-year).
- 2021: Revenue of $57K, expenses of $44K, and assets of $417K (revenue -58.0% year-over-year).
- 2012: Revenue of $137K, expenses of $73K, and assets of $458K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gracepoint Foundation:
Data Sources and Methodology
This transparency report for Gracepoint Foundation 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.