Tenacious Grace Ministries
EIN: 475023957 · Florence, SC · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $721K |
| Total Expenses | $245K |
| Net Assets | $483K |
Is Tenacious 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 Tenacious Grace Ministries
Tenacious Grace Ministries (EIN: 475023957) is a nonprofit organization based in Florence, SC, classified under NTEE code X20. The organization reported total revenue of $721K and total assets of $924K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tenacious Grace Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tenacious Grace Ministries is a small nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 28.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $254K |
| Total Expenses | $245K |
| Surplus / Deficit | +$9K |
| Total Assets | $584K |
| Total Liabilities | $102K |
| Net Assets | $483K |
| Operating Margin | 3.4% |
| Debt-to-Asset Ratio | 17.4% |
| Months of Reserves | 28.6 months |
Financial Health Grade: A
In 2023, Tenacious Grace Ministries reported a surplus of $9K with revenue exceeding expenses, holds 28.6 months of operating reserves (strong position), has a debt-to-asset ratio of 17.4% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Tenacious Grace Ministries's revenue has grown at a compound annual growth rate (CAGR) of 28.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.7% | +31.2% | +22.1% |
| 2022 | +13.1% | +25.0% | +3.8% |
| 2021 | -14.1% | -31.3% | +88.8% |
| 2020 | +4.9% | +533.2% | -1.6% |
| 2019 | +182.8% | +32.8% | +215.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tenacious 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 Tenacious 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 $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.4%.
Frequently Asked Questions about Tenacious Grace Ministries
Is Tenacious Grace Ministries a legitimate charity?
Tenacious Grace Ministries (EIN: 475023957) is a registered tax-exempt nonprofit based in South Carolina. It has 6 years of IRS 990 filings on record. Total revenue: $721K. No red flags identified. Financial health grade: A.
How does Tenacious Grace Ministries spend its money?
Tenacious Grace Ministries reported $721K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tenacious Grace Ministries tax-deductible?
Tenacious Grace Ministries is registered as a tax-exempt nonprofit (EIN: 475023957). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tenacious Grace Ministries located?
Tenacious Grace Ministries is headquartered in Florence, South Carolina and files with the IRS under EIN 475023957. It is classified under NTEE code X20.
How many years of IRS 990 filings does Tenacious Grace Ministries have?
Tenacious Grace Ministries has 6 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 $721K in total revenue.
Filing History
IRS 990 filing history for Tenacious Grace Ministries showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Tenacious Grace Ministries's revenue has grown by 253.7%, moving from $72K to $254K. Total assets increased by 643.8% over the same period, from $79K to $584K. Total functional expenses rose by 847.6%, from $26K to $245K. In its most recent filing year (2023), Tenacious Grace Ministries reported a surplus of $9K, with revenue exceeding expenses. The organization holds $102K in liabilities against $584K in assets (debt-to-asset ratio: 17.4%), resulting in net assets of $483K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $254K | $245K | $584K | $102K | — | View 990 |
| 2022 | $207K | $187K | $478K | $1K | — | — |
| 2021 | $183K | $150K | $461K | $4K | — | View 990 |
| 2020 | $213K | $218K | $244K | $913 | — | View 990 |
| 2019 | $203K | $34K | $248K | $994 | — | View 990 |
| 2018 | $72K | $26K | $79K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $254K, expenses of $245K, and assets of $584K (revenue +22.7% year-over-year).
- 2022: Revenue of $207K, expenses of $187K, and assets of $478K (revenue +13.1% year-over-year).
- 2021: Revenue of $183K, expenses of $150K, and assets of $461K (revenue -14.1% year-over-year).
- 2020: Revenue of $213K, expenses of $218K, and assets of $244K (revenue +4.9% year-over-year).
- 2019: Revenue of $203K, expenses of $34K, and assets of $248K (revenue +182.8% year-over-year).
- 2018: Revenue of $72K, expenses of $26K, and assets of $79K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tenacious Grace Ministries:
Data Sources and Methodology
This transparency report for Tenacious 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.