The Grace And Mercy Foundation Inc
Grace And Mercy Foundation shows significant asset base but highly volatile revenue and expenses often exceeding income.
EIN: 208050779 · Manhattan, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $242.1M |
| Total Expenses | $56.9M |
| Program Spending | 85% |
| Net Assets | $494.9M |
| Transparency Score | 75/100 |
Is The Grace And Mercy Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Grace And Mercy Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Grace And Mercy Foundation Inc
The Grace And Mercy Foundation Inc (EIN: 208050779) is a nonprofit organization based in Manhattan, NY, classified under NTEE code T20. The organization reported total revenue of $242.1M and total assets of $495.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Grace And Mercy Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Grace And Mercy Foundation Inc is a major nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34.2M |
| Total Expenses | $56.9M |
| Surplus / Deficit | $-22,760,655 |
| Total Assets | $495.2M |
| Total Liabilities | $292K |
| Net Assets | $494.9M |
| Operating Margin | -66.6% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 104.3 months |
Financial Health Grade: B
In 2023, The Grace And Mercy Foundation Inc reported a deficit of $22.8M with expenses exceeding revenue, holds 104.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Grace And Mercy Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -140.8% | +36.1% | -17.3% |
| 2021 | +0.5% | +50.6% | -23.3% |
| 2020 | +202.4% | +8.0% | +38.5% |
| 2019 | -4.2% | +235.3% | +721.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 The Grace And Mercy Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Grace And Mercy Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $22.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through mechanisms not reported as direct officer compensation on the 990, which is a positive sign for resource allocation relative to the organization's substantial asset base.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Grace And Mercy Foundation Inc's IRS 990 filings:
- Highly volatile revenue, including significant negative revenue in 2022 ($-40,912,250).
- Expenses frequently exceed revenue, as seen in 2023 ($56.9M expenses vs. $34.1M revenue), indicating reliance on asset drawdowns.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for The Grace And Mercy Foundation Inc:
- Substantial asset base, nearly $500 million in 2023, providing significant financial capacity.
- Consistent reporting of 0% officer compensation, suggesting efficient use of funds at the executive level.
- Long history of IRS 990 filings (10 filings), indicating a commitment to transparency and compliance.
Frequently Asked Questions about The Grace And Mercy Foundation Inc
Is The Grace And Mercy Foundation Inc a legitimate charity?
The Grace And Mercy Foundation Inc (EIN: 208050779) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $242.1M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Grace And Mercy Foundation Inc spend its money?
The Grace And Mercy Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Grace And Mercy Foundation Inc tax-deductible?
The Grace And Mercy Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208050779). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Grace And Mercy Foundation Inc's spending goes to programs?
The Grace And Mercy Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Grace And Mercy Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), The Grace And Mercy Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Grace And Mercy Foundation Inc located?
The Grace And Mercy Foundation Inc is headquartered in Manhattan, New York and files with the IRS under EIN 208050779. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Grace And Mercy Foundation Inc have?
The Grace And Mercy Foundation Inc 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 $242.1M in total revenue.
Why was revenue negative by over $40 million in 2022?
The IRS 990 for 2022 reports revenue of $-40,912,250. This significant negative figure typically indicates substantial investment losses or other non-operating deductions that exceeded income, and warrants a review of the detailed financial statements to understand the specific causes.
How does the foundation sustain operations when expenses frequently exceed revenue?
In several periods, such as 2023 ($56.9M expenses vs. $34.1M revenue) and 2022 ($64.4M expenses vs. $-40.9M revenue), expenses have significantly outpaced revenue. This suggests the organization is likely drawing down on its substantial asset base, which stood at $495,165,728 in 2023, or relying on accumulated prior period gains to cover current expenditures.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. A full IRS Form 990 would be needed to analyze these specific allocations and assess spending efficiency more precisely.
Who are the officers and how are they compensated if 0% is reported?
The consistent reporting of 0% officer compensation suggests that either the officers are volunteers, or their compensation is structured in a way that it is not reported in the 'Officer, directors, trustees, and key employees compensation' line item on the 990, possibly through a related entity or as contractor fees. Further investigation into the organization's governance and compensation policies would be necessary.
Filing History
IRS 990 filing history for The Grace And Mercy Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Grace And Mercy Foundation Inc's revenue has grown by 548.2%, moving from $5.3M to $34.2M. Total assets increased by 585.6% over the same period, from $72.2M to $495.2M. Total functional expenses rose by 1158.5%, from $4.5M to $56.9M. In its most recent filing year (2023), The Grace And Mercy Foundation Inc reported a deficit of $22.8M, with expenses exceeding revenue. The organization holds $292K in liabilities against $495.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $494.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34.2M | $56.9M | $495.2M | $292K | — | — |
| 2022 | $-40,912,250 | $64.4M | $510.5M | $124K | — | View 990 |
| 2021 | $100.2M | $47.4M | $617.1M | $87K | — | View 990 |
| 2020 | $99.7M | $31.4M | $805.1M | $27K | — | View 990 |
| 2019 | $33.0M | $29.1M | $581.5M | $51K | — | View 990 |
| 2015 | $34.4M | $8.7M | $70.8M | $4K | — | View 990 |
| 2014 | $8.6M | $9.7M | $56.6M | $1 | — | View 990 |
| 2013 | $2.1M | $9.1M | $57.8M | $3K | — | View 990 |
| 2012 | $-374,219 | $7.0M | $64.8M | $1 | — | View 990 |
| 2011 | $5.3M | $4.5M | $72.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34.2M, expenses of $56.9M, and assets of $495.2M.
- 2022: Revenue of $-40,912,250, expenses of $64.4M, and assets of $510.5M (revenue -140.8% year-over-year).
- 2021: Revenue of $100.2M, expenses of $47.4M, and assets of $617.1M (revenue +0.5% year-over-year).
- 2020: Revenue of $99.7M, expenses of $31.4M, and assets of $805.1M (revenue +202.4% year-over-year).
- 2019: Revenue of $33.0M, expenses of $29.1M, and assets of $581.5M (revenue -4.2% year-over-year).
- 2015: Revenue of $34.4M, expenses of $8.7M, and assets of $70.8M (revenue +298.8% year-over-year).
- 2014: Revenue of $8.6M, expenses of $9.7M, and assets of $56.6M (revenue +308.3% year-over-year).
- 2013: Revenue of $2.1M, expenses of $9.1M, and assets of $57.8M.
- 2012: Revenue of $-374,219, expenses of $7.0M, and assets of $64.8M (revenue -107.1% year-over-year).
- 2011: Revenue of $5.3M, expenses of $4.5M, and assets of $72.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Grace And Mercy Foundation Inc:
Data Sources and Methodology
This transparency report for The Grace And Mercy Foundation 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.