Institute Of Grace
EIN: 522350837 · Washington, DC · NTEE: B92
| Metric | Value |
|---|---|
| Total Revenue | $198K |
| Total Expenses | $103K |
| Net Assets | $132K |
Is Institute Of Grace Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Institute Of Grace
Institute Of Grace (EIN: 522350837) is a nonprofit organization based in Washington, DC, classified under NTEE code B92. The organization reported total revenue of $198K and total assets of $230K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Institute Of Grace's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Institute Of Grace is a small nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $118K |
| Total Expenses | $103K |
| Surplus / Deficit | +$15K |
| Total Assets | $235K |
| Total Liabilities | $103K |
| Net Assets | $132K |
| Operating Margin | 12.8% |
| Debt-to-Asset Ratio | 43.7% |
| Months of Reserves | 27.5 months |
Financial Health Grade: A
In 2023, Institute Of Grace reported a surplus of $15K with revenue exceeding expenses, holds 27.5 months of operating reserves (strong position), has a debt-to-asset ratio of 43.7% (moderate leverage).
Financial Trends
Over 12 years of filings (2010–2023), Institute Of Grace's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +152.0% | +119.8% | +4.2% |
| 2022 | -25.1% | -19.3% | +1713.6% |
| 2019 | -23.8% | -43.0% | -89.0% |
| 2018 | -18.3% | -6.2% | -14.9% |
| 2017 | -16.0% | -13.5% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Institute Of Grace 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 Institute Of Grace 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 $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.7%.
Frequently Asked Questions about Institute Of Grace
Is Institute Of Grace a legitimate charity?
Institute Of Grace (EIN: 522350837) is a registered tax-exempt nonprofit based in Washington DC. It has 12 years of IRS 990 filings on record. Total revenue: $198K. No red flags identified. Financial health grade: A.
How does Institute Of Grace spend its money?
Institute Of Grace reported $198K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Institute Of Grace tax-deductible?
Institute Of Grace is registered as a tax-exempt nonprofit (EIN: 522350837). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Institute Of Grace located?
Institute Of Grace is headquartered in Washington, Washington DC and files with the IRS under EIN 522350837. It is classified under NTEE code B92.
How many years of IRS 990 filings does Institute Of Grace have?
Institute Of Grace 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 $198K in total revenue.
Filing History
IRS 990 filing history for Institute Of Grace showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2023), Institute Of Grace's revenue has declined by 30.1%, moving from $169K to $118K. Total assets increased by 2839.2% over the same period, from $8K to $235K. Total functional expenses fell by 38.3%, from $167K to $103K. In its most recent filing year (2023), Institute Of Grace reported a surplus of $15K, with revenue exceeding expenses. The organization holds $103K in liabilities against $235K in assets (debt-to-asset ratio: 43.7%), resulting in net assets of $132K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $118K | $103K | $235K | $103K | — | — |
| 2022 | $47K | $47K | $226K | $108K | — | — |
| 2019 | $62K | $58K | $12K | $0 | — | View 990 |
| 2018 | $82K | $102K | $113K | $0 | — | View 990 |
| 2017 | $100K | $108K | $132K | $0 | — | View 990 |
| 2016 | $119K | $125K | $140K | $0 | — | View 990 |
| 2015 | $104K | $100K | $146K | $0 | — | View 990 |
| 2014 | $246K | $136K | $142K | $0 | — | View 990 |
| 2013 | $147K | $128K | $33K | $0 | — | View 990 |
| 2012 | $144K | $142K | $14K | $0 | — | View 990 |
| 2011 | $166K | $162K | $12K | $0 | — | View 990 |
| 2010 | $169K | $167K | $8K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $118K, expenses of $103K, and assets of $235K (revenue +152.0% year-over-year).
- 2022: Revenue of $47K, expenses of $47K, and assets of $226K (revenue -25.1% year-over-year).
- 2019: Revenue of $62K, expenses of $58K, and assets of $12K (revenue -23.8% year-over-year).
- 2018: Revenue of $82K, expenses of $102K, and assets of $113K (revenue -18.3% year-over-year).
- 2017: Revenue of $100K, expenses of $108K, and assets of $132K (revenue -16.0% year-over-year).
- 2016: Revenue of $119K, expenses of $125K, and assets of $140K (revenue +14.6% year-over-year).
- 2015: Revenue of $104K, expenses of $100K, and assets of $146K (revenue -57.7% year-over-year).
- 2014: Revenue of $246K, expenses of $136K, and assets of $142K (revenue +67.1% year-over-year).
- 2013: Revenue of $147K, expenses of $128K, and assets of $33K (revenue +2.2% year-over-year).
- 2012: Revenue of $144K, expenses of $142K, and assets of $14K (revenue -13.4% year-over-year).
- 2011: Revenue of $166K, expenses of $162K, and assets of $12K (revenue -1.3% year-over-year).
- 2010: Revenue of $169K, expenses of $167K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Institute Of Grace:
Data Sources and Methodology
This transparency report for Institute Of Grace 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.