Gracie Charitable Foundation
Gracie Charitable Foundation shows consistent revenue growth and no officer compensation over a decade.
EIN: 205429120 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5K |
| Total Expenses | $69K |
| Program Spending | 90% |
| Net Assets | $111K |
| Transparency Score | 85/100 |
Is Gracie Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gracie Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gracie Charitable Foundation
Gracie Charitable Foundation (EIN: 205429120) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $5K and total assets of $81K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gracie Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gracie Charitable Foundation is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $74K |
| Total Expenses | $69K |
| Surplus / Deficit | +$5K |
| Total Assets | $111K |
| Total Liabilities | $1 |
| Net Assets | $111K |
| Operating Margin | 6.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 19.4 months |
Financial Health Grade: A
In 2023, Gracie Charitable Foundation reported a surplus of $5K with revenue exceeding expenses, holds 19.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Gracie Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 20.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.9% | +23.3% | +4.6% |
| 2022 | +41.3% | +6.8% | +14.9% |
| 2021 | +122.7% | +113.0% | -3.2% |
| 2020 | +127.0% | +51.7% | -2.0% |
| 2019 | -38.8% | -44.2% | -25.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Gracie Charitable Foundation with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Gracie Charitable Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Gracie Charitable Foundation reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence and resource allocation to programs.
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 Gracie Charitable Foundation's IRS 990 filings:
- Lack of detailed expense breakdown in provided data, making precise program efficiency analysis challenging.
Strengths
The following positive indicators were identified for Gracie Charitable Foundation:
- Consistent 0% officer compensation across all reported periods, indicating strong commitment to mission.
- Significant revenue growth from $8,013 in 2011 to $73,509 in 2023, demonstrating increasing support.
- Extremely low liabilities ($1 across all filings), indicating excellent financial health and minimal debt.
- Healthy asset base ($110,768 in 2023) providing financial stability.
- Positive net income in recent years (e.g., $4,849 in 2023 and $13,727 in 2022), showing financial sustainability.
Frequently Asked Questions about Gracie Charitable Foundation
Is Gracie Charitable Foundation a legitimate charity?
Gracie Charitable Foundation (EIN: 205429120) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $5K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Gracie Charitable Foundation spend its money?
Gracie Charitable Foundation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Gracie Charitable Foundation tax-deductible?
Gracie Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 205429120). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gracie Charitable Foundation's spending goes to programs?
Gracie Charitable Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gracie Charitable Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gracie Charitable Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gracie Charitable Foundation located?
Gracie Charitable Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 205429120. It is classified under NTEE code T20.
How many years of IRS 990 filings does Gracie Charitable Foundation have?
Gracie Charitable Foundation has 10 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 $5K in total revenue.
Is Gracie Charitable Foundation a good charity?
Based on the provided data, Gracie Charitable Foundation appears to be a good charity. It has consistently reported 0% officer compensation, indicating that funds are not being used for executive salaries, and its liabilities are minimal ($1 across all periods). The organization has also shown significant revenue growth from $8,013 in 2011 to $73,509 in 2023, suggesting increasing support and impact.
How has Gracie Charitable Foundation's revenue changed over time?
Gracie Charitable Foundation's revenue has shown substantial growth, increasing from $8,013 in 2011 to $73,509 in 2023, with some fluctuations in between. This indicates a positive trend in fundraising and donor support.
What is the financial stability of Gracie Charitable Foundation?
The Gracie Charitable Foundation appears financially stable. It consistently maintains very low liabilities ($1) and has a healthy asset base, which was $110,768 in 2023. While assets have fluctuated, the consistent low liabilities and growing revenue suggest good financial management.
Does Gracie Charitable Foundation pay its officers?
No, the Gracie Charitable Foundation has reported 0% officer compensation in all available IRS 990 filings from 2011 to 2023.
Filing History
IRS 990 filing history for Gracie Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gracie Charitable Foundation's revenue has grown by 817.4%, moving from $8K to $74K. Total assets decreased by 30.5% over the same period, from $159K to $111K. Total functional expenses rose by 329.5%, from $16K to $69K. In its most recent filing year (2023), Gracie Charitable Foundation reported a surplus of $5K, with revenue exceeding expenses. The organization holds $1 in liabilities against $111K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $111K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $74K | $69K | $111K | $1 | — | — |
| 2022 | $69K | $56K | $106K | $1 | — | View 990 |
| 2021 | $49K | $52K | $92K | $1 | — | View 990 |
| 2020 | $22K | $24K | $95K | $1 | — | — |
| 2019 | $10K | $16K | $97K | $1 | — | View 990 |
| 2015 | $16K | $29K | $130K | $1 | — | View 990 |
| 2014 | $16K | $30K | $143K | $1 | — | View 990 |
| 2013 | $24K | $15K | $157K | $1 | — | View 990 |
| 2012 | $1K | $13K | $148K | $1 | — | View 990 |
| 2011 | $8K | $16K | $159K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $74K, expenses of $69K, and assets of $111K (revenue +5.9% year-over-year).
- 2022: Revenue of $69K, expenses of $56K, and assets of $106K (revenue +41.3% year-over-year).
- 2021: Revenue of $49K, expenses of $52K, and assets of $92K (revenue +122.7% year-over-year).
- 2020: Revenue of $22K, expenses of $24K, and assets of $95K (revenue +127.0% year-over-year).
- 2019: Revenue of $10K, expenses of $16K, and assets of $97K (revenue -38.8% year-over-year).
- 2015: Revenue of $16K, expenses of $29K, and assets of $130K (revenue -1.5% year-over-year).
- 2014: Revenue of $16K, expenses of $30K, and assets of $143K (revenue -33.9% year-over-year).
- 2013: Revenue of $24K, expenses of $15K, and assets of $157K (revenue +1928.3% year-over-year).
- 2012: Revenue of $1K, expenses of $13K, and assets of $148K (revenue -85.0% year-over-year).
- 2011: Revenue of $8K, expenses of $16K, and assets of $159K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gracie Charitable Foundation:
Data Sources and Methodology
This transparency report for Gracie Charitable 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.