Truly Grace Inc
EIN: 831956744 · Moss Point, MS · NTEE: P20
Is Truly Grace Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Truly Grace Inc
Truly Grace Inc (EIN: 831956744) is a nonprofit organization based in Moss Point, MS, classified under NTEE code P20. The organization reported total revenue of $75K and total assets of $197K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Truly Grace Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Truly Grace Inc is a micro nonprofit that has been operating for 4 years, with 6 years of IRS 990 filings on record (2018–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $109K |
| Total Expenses | $77K |
| Surplus / Deficit | +$32K |
| Total Assets | $200K |
| Total Liabilities | $123K |
| Net Assets | $78K |
| Operating Margin | 29.1% |
| Debt-to-Asset Ratio | 61.2% |
| Months of Reserves | 31.1 months |
Financial Health Grade: A
In 2023, Truly Grace Inc reported a surplus of $32K with revenue exceeding expenses, holds 31.1 months of operating reserves (strong position), has a debt-to-asset ratio of 61.2% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +56.4% | +6.0% | +12.8% |
| 2022 | -41.8% | -33.6% | -2.4% |
| 2021 | +99.0% | +105.5% | -0.3% |
| 2020 | -11.3% | +52.0% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Truly Grace Inc 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 Truly Grace Inc 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 $32K, with revenue exceeding expenses.
- Debt-to-asset ratio: 61.2%.
Frequently Asked Questions about Truly Grace Inc
Is Truly Grace Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Truly Grace Inc (EIN: 831956744) insufficient data. 0 red flags identified, 0 strengths noted.
How does Truly Grace Inc spend its money?
Detailed spending breakdown data is not yet available for Truly Grace Inc. Check back for updated IRS 990 analysis.
Are donations to Truly Grace Inc tax-deductible?
Truly Grace Inc is registered as a tax-exempt nonprofit (EIN: 831956744). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Truly Grace Inc showing financial trends over 6 years of public records:
Total assets increased by 20014100% over the same period, from $1 to $200K. In its most recent filing year (2023), Truly Grace Inc reported a surplus of $32K, with revenue exceeding expenses. The organization holds $123K in liabilities against $200K in assets (debt-to-asset ratio: 61.2%), resulting in net assets of $78K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $109K | $77K | $200K | $123K | — | View 990 |
| 2022 | $70K | $73K | $177K | $131K | — | View 990 |
| 2021 | $119K | $110K | $182K | $133K | — | View 990 |
| 2020 | $60K | $53K | $182K | $143K | — | View 990 |
| 2019 | $68K | $35K | $186K | $153K | — | View 990 |
| 2018 | $0 | $0 | $1 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $109K, expenses of $77K, and assets of $200K (revenue +56.4% year-over-year).
- 2022: Revenue of $70K, expenses of $73K, and assets of $177K (revenue -41.8% year-over-year).
- 2021: Revenue of $119K, expenses of $110K, and assets of $182K (revenue +99.0% year-over-year).
- 2020: Revenue of $60K, expenses of $53K, and assets of $182K (revenue -11.3% year-over-year).
- 2019: Revenue of $68K, expenses of $35K, and assets of $186K.
- 2018: Revenue of $0, expenses of $0, and assets of $1.
Data Sources and Methodology
This transparency report for Truly Grace 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.