Well Of Grace Ministries Incorporated
Well Of Grace Ministries shows consistent revenue growth and no officer compensation in recent filings.
EIN: 201716641 · Stevensville, MI · NTEE: P50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $205K |
| Total Expenses | $160K |
| Program Spending | 85% |
| Net Assets | $243K |
| Transparency Score | 90/100 |
Is Well Of Grace Ministries Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Well Of Grace Ministries Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Well Of Grace Ministries Incorporated
Well Of Grace Ministries Incorporated (EIN: 201716641) is a nonprofit organization based in Stevensville, MI, classified under NTEE code P50. The organization reported total revenue of $205K and total assets of $288K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Well Of Grace Ministries Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Well Of Grace Ministries Incorporated is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $245K |
| Total Expenses | $160K |
| Surplus / Deficit | +$85K |
| Total Assets | $246K |
| Total Liabilities | $2K |
| Net Assets | $243K |
| Operating Margin | 34.6% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 18.4 months |
Financial Health Grade: A
In 2023, Well Of Grace Ministries Incorporated reported a surplus of $85K with revenue exceeding expenses, holds 18.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Well Of Grace Ministries Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +48.5% | +11.0% | +52.8% |
| 2022 | +22.7% | +6.0% | +3.0% |
| 2021 | +17.0% | +18.3% | +11.8% |
| 2020 | +3.4% | -1.8% | -0.1% |
| 2019 | +22.3% | -1.2% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Well Of Grace Ministries Incorporated with a Mission Score of 90 out of 100 (Excellent). 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, Well Of Grace Ministries Incorporated 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 surplus of $85K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Well Of Grace Ministries Incorporated reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean operational structure.
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 Well Of Grace Ministries Incorporated's IRS 990 filings:
- No reported officer compensation, which while positive for program spending, could indicate reliance on unpaid leadership or a lack of transparency if compensation is being reported elsewhere or indirectly.
Strengths
The following positive indicators were identified for Well Of Grace Ministries Incorporated:
- Consistent revenue growth in recent years, from $115,000 in 2020 to $245,080 in 2023.
- 0% officer compensation reported across all filings, indicating high dedication of funds to mission.
- Healthy asset-to-liability ratio, with assets of $245,549 and liabilities of $2,131 in 2023.
- Positive net income in the last two reported periods (2023 and 2022), contributing to asset growth.
Frequently Asked Questions about Well Of Grace Ministries Incorporated
Is Well Of Grace Ministries Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Well Of Grace Ministries Incorporated (EIN: 201716641) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Well Of Grace Ministries Incorporated spend its money?
Well Of Grace Ministries Incorporated directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Well Of Grace Ministries Incorporated tax-deductible?
Well Of Grace Ministries Incorporated is registered as a tax-exempt nonprofit (EIN: 201716641). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Well Of Grace Ministries Incorporated's spending goes to programs?
Well Of Grace Ministries Incorporated directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Well Of Grace Ministries Incorporated compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Well Of Grace Ministries Incorporated is above average for NTEE category P50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Well Of Grace Ministries Incorporated located?
Well Of Grace Ministries Incorporated is headquartered in Stevensville, Michigan and files with the IRS under EIN 201716641. It is classified under NTEE code P50.
How many years of IRS 990 filings does Well Of Grace Ministries Incorporated have?
Well Of Grace Ministries Incorporated has 13 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 $205K in total revenue.
Is Well Of Grace Ministries a good charity?
Based on the available IRS 990 data, Well Of Grace Ministries appears to be a good charity. It consistently reports 0% officer compensation, indicating that donations are likely directed entirely to programs and operational costs. The organization has also shown recent revenue growth and maintained a healthy asset-to-liability ratio.
How has Well Of Grace Ministries' revenue trended?
Well Of Grace Ministries has shown a positive revenue trend in recent years, increasing from $115,000 in 2020 to $245,080 in 2023, nearly doubling its income over three years.
What is the organization's financial stability like?
The organization's financial stability is strong, with assets of $245,549 and liabilities of only $2,131 in 2023. This indicates a very low debt burden and a solid financial foundation.
Filing History
IRS 990 filing history for Well Of Grace Ministries Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Well Of Grace Ministries Incorporated's revenue has grown by 149.5%, moving from $98K to $245K. Total assets decreased by 16.8% over the same period, from $295K to $246K. Total functional expenses rose by 198.6%, from $54K to $160K. In its most recent filing year (2023), Well Of Grace Ministries Incorporated reported a surplus of $85K, with revenue exceeding expenses. The organization holds $2K in liabilities against $246K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $243K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $245K | $160K | $246K | $2K | — | — |
| 2022 | $165K | $144K | $161K | $2K | — | — |
| 2021 | $135K | $136K | $156K | $18K | — | View 990 |
| 2020 | $115K | $115K | $140K | $0 | — | View 990 |
| 2019 | $111K | $117K | $140K | $0 | — | View 990 |
| 2018 | $91K | $119K | $146K | $0 | — | View 990 |
| 2017 | $131K | $112K | $173K | $0 | — | — |
| 2016 | $125K | $151K | $253K | $98K | — | View 990 |
| 2015 | $102K | $144K | $284K | $103K | — | View 990 |
| 2014 | $99K | $91K | $332K | $109K | — | View 990 |
| 2013 | $105K | $76K | $329K | $114K | — | View 990 |
| 2012 | $71K | $56K | $305K | $119K | — | View 990 |
| 2011 | $98K | $54K | $295K | $125K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $245K, expenses of $160K, and assets of $246K (revenue +48.5% year-over-year).
- 2022: Revenue of $165K, expenses of $144K, and assets of $161K (revenue +22.7% year-over-year).
- 2021: Revenue of $135K, expenses of $136K, and assets of $156K (revenue +17.0% year-over-year).
- 2020: Revenue of $115K, expenses of $115K, and assets of $140K (revenue +3.4% year-over-year).
- 2019: Revenue of $111K, expenses of $117K, and assets of $140K (revenue +22.3% year-over-year).
- 2018: Revenue of $91K, expenses of $119K, and assets of $146K (revenue -30.4% year-over-year).
- 2017: Revenue of $131K, expenses of $112K, and assets of $173K (revenue +4.5% year-over-year).
- 2016: Revenue of $125K, expenses of $151K, and assets of $253K (revenue +22.9% year-over-year).
- 2015: Revenue of $102K, expenses of $144K, and assets of $284K (revenue +2.3% year-over-year).
- 2014: Revenue of $99K, expenses of $91K, and assets of $332K (revenue -5.0% year-over-year).
- 2013: Revenue of $105K, expenses of $76K, and assets of $329K (revenue +46.9% year-over-year).
- 2012: Revenue of $71K, expenses of $56K, and assets of $305K (revenue -27.4% year-over-year).
- 2011: Revenue of $98K, expenses of $54K, and assets of $295K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Well Of Grace Ministries Incorporated:
Data Sources and Methodology
This transparency report for Well Of Grace Ministries Incorporated 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.