Simple Grace Ministries
EIN: 470832521 · Martell, NE · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $116K |
| Total Expenses | $121K |
| Net Assets | $30K |
Is Simple 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 Simple Grace Ministries
Simple Grace Ministries (EIN: 470832521) is a nonprofit organization based in Martell, NE, classified under NTEE code X20. The organization reported total revenue of $116K and total assets of $17K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Simple Grace Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Simple Grace Ministries is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). 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 | $117K |
| Total Expenses | $121K |
| Surplus / Deficit | $-3,992 |
| Total Assets | $30K |
| Net Assets | $30K |
| Operating Margin | -3.4% |
| Months of Reserves | 3.0 months |
Financial Health Grade: B
In 2023, Simple Grace Ministries reported a deficit of $4K with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Simple Grace Ministries's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.7% | +17.5% | -19.3% |
| 2022 | -4.0% | -6.3% | +41.6% |
| 2021 | +26.0% | +59.4% | -8.9% |
| 2020 | +0.5% | -28.2% | +350.7% |
| 2019 | -1.9% | +6.1% | -46.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Simple 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 Simple 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 deficit of $4K, with expenses exceeding revenue.
Frequently Asked Questions about Simple Grace Ministries
Is Simple Grace Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Simple Grace Ministries (EIN: 470832521) insufficient data. 0 red flags identified, 0 strengths noted.
How does Simple Grace Ministries spend its money?
Detailed spending breakdown data is not yet available for Simple Grace Ministries. Check back for updated IRS 990 analysis.
Are donations to Simple Grace Ministries tax-deductible?
Simple Grace Ministries is registered as a tax-exempt nonprofit (EIN: 470832521). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Simple Grace Ministries located?
Simple Grace Ministries is headquartered in Martell, Nebraska and files with the IRS under EIN 470832521. It is classified under NTEE code X20.
How many years of IRS 990 filings does Simple Grace Ministries have?
Simple Grace Ministries has 13 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 $116K in total revenue.
Filing History
IRS 990 filing history for Simple Grace Ministries showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Simple Grace Ministries's revenue has declined by 7.2%, moving from $126K to $117K. Total assets increased by 400.5% over the same period, from $6K to $30K. Total functional expenses rose by 3.1%, from $117K to $121K. In its most recent filing year (2023), Simple Grace Ministries reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $117K | $121K | $30K | $0 | — | View 990 |
| 2022 | $111K | $103K | $37K | $3K | — | View 990 |
| 2021 | $115K | $110K | $26K | $0 | — | View 990 |
| 2020 | $92K | $69K | $29K | $0 | — | — |
| 2019 | $91K | $96K | $6K | $0 | — | — |
| 2018 | $93K | $91K | $12K | $548 | — | View 990 |
| 2017 | $83K | $86K | $9K | $0 | — | View 990 |
| 2016 | $79K | $75K | $12K | $0 | — | View 990 |
| 2015 | $78K | $81K | $8K | $760 | — | View 990 |
| 2014 | $73K | $68K | $10K | $0 | — | View 990 |
| 2013 | $69K | $66K | $6K | $0 | — | View 990 |
| 2012 | $61K | $63K | $3K | $0 | — | View 990 |
| 2011 | $126K | $117K | $6K | $32 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $117K, expenses of $121K, and assets of $30K (revenue +5.7% year-over-year).
- 2022: Revenue of $111K, expenses of $103K, and assets of $37K (revenue -4.0% year-over-year).
- 2021: Revenue of $115K, expenses of $110K, and assets of $26K (revenue +26.0% year-over-year).
- 2020: Revenue of $92K, expenses of $69K, and assets of $29K (revenue +0.5% year-over-year).
- 2019: Revenue of $91K, expenses of $96K, and assets of $6K (revenue -1.9% year-over-year).
- 2018: Revenue of $93K, expenses of $91K, and assets of $12K (revenue +12.2% year-over-year).
- 2017: Revenue of $83K, expenses of $86K, and assets of $9K (revenue +4.7% year-over-year).
- 2016: Revenue of $79K, expenses of $75K, and assets of $12K (revenue +0.8% year-over-year).
- 2015: Revenue of $78K, expenses of $81K, and assets of $8K (revenue +7.2% year-over-year).
- 2014: Revenue of $73K, expenses of $68K, and assets of $10K (revenue +6.4% year-over-year).
- 2013: Revenue of $69K, expenses of $66K, and assets of $6K (revenue +13.6% year-over-year).
- 2012: Revenue of $61K, expenses of $63K, and assets of $3K (revenue -52.1% year-over-year).
- 2011: Revenue of $126K, expenses of $117K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Simple Grace Ministries:
Data Sources and Methodology
This transparency report for Simple 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.