Shores Of Grace Ministries
EIN: 273022828 · Plano, TX · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $901K |
| Net Assets | $266K |
Is Shores Of Grace Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Shores Of Grace Ministries
Shores Of Grace Ministries (EIN: 273022828) is a nonprofit organization based in Plano, TX, classified under NTEE code X20. The organization reported total revenue of $1.1M and total assets of $387K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shores Of Grace Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shores Of Grace Ministries is a mid-size nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 18.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $901K |
| Surplus / Deficit | +$128K |
| Total Assets | $269K |
| Total Liabilities | $4K |
| Net Assets | $266K |
| Operating Margin | 12.4% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 3.6 months |
Financial Health Grade: A
In 2023, Shores Of Grace Ministries reported a surplus of $128K with revenue exceeding expenses, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Shores Of Grace Ministries's revenue has grown at a compound annual growth rate (CAGR) of 18.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.6% | +15.7% | +79.0% |
| 2022 | -22.1% | -6.1% | -39.3% |
| 2021 | +21.3% | +34.2% | +23.6% |
| 2020 | +15.7% | -16.2% | +90.6% |
| 2019 | -18.9% | -4.1% | -50.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Shores Of Grace Ministries 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 Shores Of Grace Ministries 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 $128K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Frequently Asked Questions about Shores Of Grace Ministries
Is Shores Of Grace Ministries a legitimate charity?
Shores Of Grace Ministries (EIN: 273022828) is a registered tax-exempt nonprofit based in Texas. It has 14 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: A.
How does Shores Of Grace Ministries spend its money?
Shores Of Grace Ministries reported $1.1M in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Shores Of Grace Ministries tax-deductible?
Shores Of Grace Ministries is registered as a tax-exempt nonprofit (EIN: 273022828). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Shores Of Grace Ministries located?
Shores Of Grace Ministries is headquartered in Plano, Texas and files with the IRS under EIN 273022828. It is classified under NTEE code X20.
How many years of IRS 990 filings does Shores Of Grace Ministries have?
Shores Of Grace Ministries has 14 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Shores Of Grace Ministries showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Shores Of Grace Ministries's revenue has grown by 815.6%, moving from $112K to $1.0M. Total assets increased by 563.9% over the same period, from $41K to $269K. Total functional expenses rose by 1154.7%, from $72K to $901K. In its most recent filing year (2023), Shores Of Grace Ministries reported a surplus of $128K, with revenue exceeding expenses. The organization holds $4K in liabilities against $269K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $266K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $901K | $269K | $4K | — | — |
| 2022 | $679K | $779K | $150K | $11K | — | View 990 |
| 2021 | $872K | $830K | $248K | $14K | — | View 990 |
| 2020 | $719K | $618K | $201K | $9K | — | View 990 |
| 2019 | $621K | $737K | $105K | $14K | — | View 990 |
| 2018 | $767K | $769K | $214K | $6K | — | View 990 |
| 2017 | $775K | $684K | $218K | $9K | — | — |
| 2016 | $530K | $683K | $131K | $31K | — | View 990 |
| 2015 | $637K | $456K | $263K | $15K | — | View 990 |
| 2014 | $572K | $573K | $82K | $10K | — | View 990 |
| 2013 | $492K | $476K | $75K | $3K | — | View 990 |
| 2012 | $180K | $192K | $52K | $0 | — | View 990 |
| 2011 | $176K | $166K | $64K | $0 | — | View 990 |
| 2010 | $112K | $72K | $41K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $901K, and assets of $269K (revenue +51.6% year-over-year).
- 2022: Revenue of $679K, expenses of $779K, and assets of $150K (revenue -22.1% year-over-year).
- 2021: Revenue of $872K, expenses of $830K, and assets of $248K (revenue +21.3% year-over-year).
- 2020: Revenue of $719K, expenses of $618K, and assets of $201K (revenue +15.7% year-over-year).
- 2019: Revenue of $621K, expenses of $737K, and assets of $105K (revenue -18.9% year-over-year).
- 2018: Revenue of $767K, expenses of $769K, and assets of $214K (revenue -1.1% year-over-year).
- 2017: Revenue of $775K, expenses of $684K, and assets of $218K (revenue +46.2% year-over-year).
- 2016: Revenue of $530K, expenses of $683K, and assets of $131K (revenue -16.8% year-over-year).
- 2015: Revenue of $637K, expenses of $456K, and assets of $263K (revenue +11.4% year-over-year).
- 2014: Revenue of $572K, expenses of $573K, and assets of $82K (revenue +16.2% year-over-year).
- 2013: Revenue of $492K, expenses of $476K, and assets of $75K (revenue +173.6% year-over-year).
- 2012: Revenue of $180K, expenses of $192K, and assets of $52K (revenue +2.1% year-over-year).
- 2011: Revenue of $176K, expenses of $166K, and assets of $64K (revenue +56.9% year-over-year).
- 2010: Revenue of $112K, expenses of $72K, and assets of $41K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shores Of Grace Ministries:
Data Sources and Methodology
This transparency report for Shores Of Grace Ministries 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.