Project G R A C E
Project G R A C E consistently operates with no officer compensation and stable finances.
EIN: 10701784 · Scarborough, ME · NTEE: S99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $154K |
| Total Expenses | $137K |
| Program Spending | 90% |
| Net Assets | $91K |
| Transparency Score | 92/100 |
Is Project G R A C E Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project G R A C E directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project G R A C E
Project G R A C E (EIN: 10701784) is a nonprofit organization based in Scarborough, ME, classified under NTEE code S99. The organization reported total revenue of $154K and total assets of $49K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project G R A C E's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project G R A C E is a small nonprofit that has been operating for 1 years, with 10 years of IRS 990 filings on record (2012–2021). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $144K |
| Total Expenses | $137K |
| Surplus / Deficit | +$7K |
| Total Assets | $93K |
| Total Liabilities | $2K |
| Net Assets | $91K |
| Operating Margin | 5.1% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 8.2 months |
Financial Health Grade: A
In 2021, Project G R A C E reported a surplus of $7K with revenue exceeding expenses, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2021), Project G R A C E's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +1.1% | +20.1% | +8.9% |
| 2020 | -22.9% | -44.1% | +52.2% |
| 2019 | +8.0% | +20.2% | -25.0% |
| 2018 | +0.8% | +4.8% | +2.4% |
| 2017 | +4.4% | +19.3% | +12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2025 |
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 Project G R A C E 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Project G R A C E 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers. This is highly commendable for an organization of its size, ensuring all funds are directed towards its mission and operations.
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 Project G R A C E:
- Zero officer compensation reported across all filings, maximizing funds for mission.
- Healthy asset-to-liability ratio, indicating strong financial stability (e.g., $92,930 assets vs. $2,168 liabilities in 2021).
- Consistent IRS 990 filing history over 10 periods, demonstrating transparency and compliance.
- Expenses generally managed in line with revenues, avoiding significant long-term deficits.
- Stable revenue base over the past decade, suggesting consistent donor support.
Frequently Asked Questions about Project G R A C E
Is Project G R A C E a legitimate charity?
Based on AI analysis of IRS 990 filings, Project G R A C E (EIN: 10701784) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Project G R A C E spend its money?
Project G R A C E directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Project G R A C E tax-deductible?
Project G R A C E is registered as a tax-exempt nonprofit (EIN: 10701784). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Project G R A C E's spending goes to programs?
Project G R A C E directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Project G R A C E compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Project G R A C E is above average for NTEE category S99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Project G R A C E located?
Project G R A C E is headquartered in Scarborough, Maine and files with the IRS under EIN 10701784. It is classified under NTEE code S99.
How many years of IRS 990 filings does Project G R A C E have?
Project G R A C E 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 $154K in total revenue.
Is Project G R A C E a good charity?
Based on the provided data, Project G R A C E appears to be a good charity. It consistently reports 0% officer compensation, maintains a healthy asset-to-liability ratio (e.g., $92,930 in assets vs. $2,168 in liabilities in 2021), and has a consistent filing history, all indicating strong financial health and a commitment to its mission.
How has Project G R A C E's revenue trended over time?
Project G R A C E's revenue has been relatively stable over the past decade, generally fluctuating between $100,000 and $185,000. The latest reported revenue is $154,363, which is consistent with its historical performance.
What is the organization's financial stability?
The organization demonstrates good financial stability. Its assets consistently outweigh its liabilities significantly (e.g., $92,930 assets vs. $2,168 liabilities in 2021), indicating a strong financial position and ability to cover its obligations.
Filing History
IRS 990 filing history for Project G R A C E showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2021), Project G R A C E's revenue has declined by 2.8%, moving from $148K to $144K. Total assets increased by 36.2% over the same period, from $68K to $93K. Total functional expenses fell by 10.7%, from $153K to $137K. In its most recent filing year (2021), Project G R A C E reported a surplus of $7K, with revenue exceeding expenses. The organization holds $2K in liabilities against $93K in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $91K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $144K | $137K | $93K | $2K | — | View 990 |
| 2020 | $142K | $114K | $85K | $2K | — | View 990 |
| 2019 | $185K | $203K | $56K | $1K | — | View 990 |
| 2018 | $171K | $169K | $75K | $1K | — | View 990 |
| 2017 | $170K | $162K | $73K | $1K | — | View 990 |
| 2016 | $163K | $135K | $65K | $996 | — | View 990 |
| 2015 | $97K | $105K | $38K | $1K | — | View 990 |
| 2014 | $116K | $119K | $46K | $1K | — | View 990 |
| 2013 | $114K | $134K | $49K | $2K | — | View 990 |
| 2012 | $148K | $153K | $68K | $795 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $144K, expenses of $137K, and assets of $93K (revenue +1.1% year-over-year).
- 2020: Revenue of $142K, expenses of $114K, and assets of $85K (revenue -22.9% year-over-year).
- 2019: Revenue of $185K, expenses of $203K, and assets of $56K (revenue +8.0% year-over-year).
- 2018: Revenue of $171K, expenses of $169K, and assets of $75K (revenue +0.8% year-over-year).
- 2017: Revenue of $170K, expenses of $162K, and assets of $73K (revenue +4.4% year-over-year).
- 2016: Revenue of $163K, expenses of $135K, and assets of $65K (revenue +67.5% year-over-year).
- 2015: Revenue of $97K, expenses of $105K, and assets of $38K (revenue -16.7% year-over-year).
- 2014: Revenue of $116K, expenses of $119K, and assets of $46K (revenue +2.1% year-over-year).
- 2013: Revenue of $114K, expenses of $134K, and assets of $49K (revenue -23.0% year-over-year).
- 2012: Revenue of $148K, expenses of $153K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project G R A C E:
Data Sources and Methodology
This transparency report for Project G R A C E 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.