Three Graces Foundation Inc
Three Graces Foundation Inc shows consistent deficit spending in recent years despite substantial asset growth and no reported officer compensation.
EIN: 200472407 · Fulton, MD · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $22.8M |
| Total Expenses | $3.6M |
| Program Spending | 80% |
| Net Assets | $30.2M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Three Graces Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Three Graces Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Three Graces Foundation Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $3.2M and expenses of $3.6M.
Revenue and Expenses
Three Graces Foundation Inc reported $3.2M in revenue and $3.6M in expenses, a deficit of $400K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Three Graces Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.8M (80%) |
Across stored filings, Three Graces Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Main Street Mobile Treatment Associates Inc | Maryland and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Keep the Investigation Moving
Three Graces Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Three Graces Foundation Inc
Three Graces Foundation Inc (EIN: 200472407) is a nonprofit organization based in Fulton, MD, classified under NTEE code T22. The organization reported total revenue of $22.8M and total assets of $50.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Three Graces Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Three Graces Foundation Inc is a large nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $3.6M |
| Surplus / Deficit | $-399,791 |
| Total Assets | $30.3M |
| Total Liabilities | $99K |
| Net Assets | $30.2M |
| Operating Margin | -12.7% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 102.2 months |
Financial Health Grade: B
In 2023, Three Graces Foundation Inc reported a deficit of $400K with expenses exceeding revenue, holds 102.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Three Graces Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.1% | -1.4% | -1.7% |
| 2022 | +10.9% | +77.3% | -26.5% |
| 2021 | +237.4% | -15.3% | +38.5% |
| 2020 | -6.1% | +26.9% | -1.8% |
| 2019 | +159.1% | +196.0% | +321.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Three Graces 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Three Graces Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $400K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating either a volunteer leadership structure or compensation not categorized as officer compensation, which is a positive sign for donor confidence relative to the organization's size and 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 Three Graces Foundation Inc's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 expenses $3.56M vs. revenue $3.16M)
- Significant fluctuation in annual revenue, making financial planning potentially challenging (e.g., $4.2M in 2014 vs. $773K in 2020)
Strengths
The following positive indicators were identified for Three Graces Foundation Inc:
- Substantial asset base of $50,097,976, providing financial stability and capacity for future programs.
- No reported officer compensation across all filings, indicating strong financial transparency and potentially volunteer leadership.
- Significant growth in assets over time, from $3.97M in 2011 to $50.1M currently.
Frequently Asked Questions about Three Graces Foundation Inc
Is Three Graces Foundation Inc a legitimate charity?
Three Graces Foundation Inc (EIN: 200472407) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $22.8M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Three Graces Foundation Inc spend its money?
Three Graces Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Three Graces Foundation Inc tax-deductible?
Three Graces Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200472407). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Three Graces Foundation Inc's spending goes to programs?
Three Graces Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Three Graces Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Three Graces Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Three Graces Foundation Inc located?
Three Graces Foundation Inc is headquartered in Fulton, Maryland and files with the IRS under EIN 200472407. It is classified under NTEE code T22.
How many years of IRS 990 filings does Three Graces Foundation Inc have?
Three Graces 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 $22.8M in total revenue.
Is Three Graces Foundation Inc financially sustainable given recent deficit spending?
While the organization has substantial assets ($50,097,976), its recent trend of expenses exceeding revenue (e.g., $3,558,345 expenses vs. $3,158,554 revenue in 2023) raises questions about long-term operational sustainability if this trend continues without drawing from its asset base.
How does the organization manage its significant assets?
With assets of $50,097,976, and an NTEE code of T22 (Private Grantmaking Foundations), it's likely a significant portion of these assets are invested to generate income for grantmaking. Further details on investment strategies and grant distributions would provide more clarity.
What is the reason for 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that compensation is structured in a way that it is not reported under this specific category on the 990 form. This is a strong indicator of financial prudence and dedication.
Filing History
IRS 990 filing history for Three Graces Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Three Graces Foundation Inc's revenue has grown by 1325.5%, moving from $222K to $3.2M. Total assets increased by 662.8% over the same period, from $4.0M to $30.3M. Total functional expenses rose by 1339.7%, from $247K to $3.6M. In its most recent filing year (2023), Three Graces Foundation Inc reported a deficit of $400K, with expenses exceeding revenue. The organization holds $99K in liabilities against $30.3M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $30.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $3.6M | $30.3M | $99K | — | — |
| 2022 | $2.9M | $3.6M | $30.8M | $1 | — | View 990 |
| 2021 | $2.6M | $2.0M | $42.0M | $1 | — | View 990 |
| 2020 | $773K | $2.4M | $30.3M | $1 | — | View 990 |
| 2019 | $824K | $1.9M | $30.9M | $0 | — | View 990 |
| 2015 | $318K | $640K | $7.3M | $0 | — | View 990 |
| 2014 | $4.2M | $207K | $8.3M | $0 | — | View 990 |
| 2013 | $292K | $171K | $4.4M | $0 | — | View 990 |
| 2012 | $95K | $142K | $4.2M | $0 | — | View 990 |
| 2011 | $222K | $247K | $4.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $3.6M, and assets of $30.3M (revenue +9.1% year-over-year).
- 2022: Revenue of $2.9M, expenses of $3.6M, and assets of $30.8M (revenue +10.9% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.0M, and assets of $42.0M (revenue +237.4% year-over-year).
- 2020: Revenue of $773K, expenses of $2.4M, and assets of $30.3M (revenue -6.1% year-over-year).
- 2019: Revenue of $824K, expenses of $1.9M, and assets of $30.9M (revenue +159.1% year-over-year).
- 2015: Revenue of $318K, expenses of $640K, and assets of $7.3M (revenue -92.4% year-over-year).
- 2014: Revenue of $4.2M, expenses of $207K, and assets of $8.3M (revenue +1338.0% year-over-year).
- 2013: Revenue of $292K, expenses of $171K, and assets of $4.4M (revenue +208.7% year-over-year).
- 2012: Revenue of $95K, expenses of $142K, and assets of $4.2M (revenue -57.3% year-over-year).
- 2011: Revenue of $222K, expenses of $247K, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Three Graces Foundation Inc:
Data Sources and Methodology
This transparency report for Three Graces 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.