Place Of Grace Inc
EIN: 832223765 · Russellville, AL · NTEE: F20
Is Place Of Grace Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Place Of Grace Inc
Place Of Grace Inc (EIN: 832223765) is a nonprofit organization based in Russellville, AL, classified under NTEE code F20. The organization reported total revenue of $53K and total assets of $339K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Place Of Grace Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Place Of Grace Inc is a micro nonprofit that has been operating for 7 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $53K |
| Surplus / Deficit | +$56K |
| Total Assets | $313K |
| Total Liabilities | $231 |
| Net Assets | $313K |
| Operating Margin | 51.2% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 70.2 months |
Financial Health Grade: A
In 2023, Place Of Grace Inc reported a surplus of $56K with revenue exceeding expenses, holds 70.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Place Of Grace Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.9% | +179.3% | +21.8% |
| 2022 | +42.3% | -44.5% | +110.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Place Of Grace Inc 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 Place Of Grace Inc 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 $56K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Place Of Grace Inc
Is Place Of Grace Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Place Of Grace Inc (EIN: 832223765) insufficient data. 0 red flags identified, 0 strengths noted.
How does Place Of Grace Inc spend its money?
Detailed spending breakdown data is not yet available for Place Of Grace Inc. Check back for updated IRS 990 analysis.
Are donations to Place Of Grace Inc tax-deductible?
Place Of Grace Inc is registered as a tax-exempt nonprofit (EIN: 832223765). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Place Of Grace Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Place Of Grace Inc's revenue has grown by 1.1%, moving from $108K to $110K. Total assets increased by 156.5% over the same period, from $122K to $313K. Total functional expenses rose by 54.9%, from $35K to $53K. In its most recent filing year (2023), Place Of Grace Inc reported a surplus of $56K, with revenue exceeding expenses. The organization holds $231 in liabilities against $313K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $313K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $110K | $53K | $313K | $231 | — | — |
| 2022 | $154K | $19K | $257K | $238 | — | View 990 |
| 2021 | $108K | $35K | $122K | $325 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $110K, expenses of $53K, and assets of $313K (revenue -28.9% year-over-year).
- 2022: Revenue of $154K, expenses of $19K, and assets of $257K (revenue +42.3% year-over-year).
- 2021: Revenue of $108K, expenses of $35K, and assets of $122K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Place Of Grace Inc:
Data Sources and Methodology
This transparency report for Place Of Grace 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.