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
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 →
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.
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.
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?
Based on AI analysis of IRS 990 filings, Three Graces Foundation Inc (EIN: 200472407) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Three Graces Foundation Inc spend its money?
Three Graces Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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.
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.
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.