Grace-mar Services Inc
Only null% goes to programs Strong reserves
Grace-mar Services Inc is a 501(c)(3) organization based in Charlotte, North Carolina, registered in 2010, with $502,362 in FY2024 revenue. CharityIndex grades it B.
615 E 6th St Ste 116, Charlotte, NC, 28202 EIN 80-0235887 Since 2010
Revenue (FY2024)
$502K
▲ 123.3% vs prior year
Human Services median: $293K
Expenses (FY2024)
$483K
Net assets
$472K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Grace-mar Services Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Grace-mar Services Inc: 12 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Grace-mar Services Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Grace-mar Services Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 615 E 6th St Ste 116, Charlotte, NC, 28202
- City
- Charlotte
- State
- North Carolina
- Category
- Human Services
- Subcategory
- Personal Social Services
- Website
- …
Financial trends
Revenue declined from $652K (FY2020) to $502K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $472K
Operating margin
3.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$472K
Total liabilities
$0
Net assets
$472K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $502,362▲123% | $483,353▲5.6% | $471,978▲41.7% | $471,978▼30.7% | 990 |
| 2023 | $224,988▼61.6% | $457,758▲171% | $332,969▼85.5% | $681,337▼70.2% | 990 |
| 2022 | $585,699▲6.8% | $168,920▼57.2% | $2,289,768▲35.5% | $2,289,768▲35.5% | 990 |
| 2021 | $548,404▼15.9% | $395,121▼18.5% | $1,690,253▲10.0% | $1,690,253▲10.0% | 990 |
| 2020 | $652,234 | $485,046 | $1,536,970 | $1,536,970 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $1.0M total
1 grant to Grace-mar Services Inc totaling $1.0M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Foundation For the Carolinas | Charitable gift | 2020 | $1,000,000 |
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Frequently asked questions
- Is Grace-mar Services Inc a legitimate nonprofit?
- Yes. Grace-mar Services Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 80-0235887, based in Charlotte, North Carolina. Donations are tax-deductible.
- What is Grace-mar Services Inc's EIN?
- Grace-mar Services Inc's Employer Identification Number (EIN) is 80-0235887.
- How much revenue does Grace-mar Services Inc report?
- Grace-mar Services Inc reported $502,362 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Grace-mar Services Inc have?
- CharityIndex grades Grace-mar Services Inc B, based on financial health (reserves and operating margin).
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Data for Grace-mar Services Inc (EIN 80-0235887) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.