Gracework Ministries

Nonprofit profile at a glance

EIN
562370145
IRS 990-EZ coverage
2020–2022
Forms available
Form 990-EZ 2022, Form 990-N 2015
Location
Keller, TX, USA
Phone
8173377306
Rating
47
Verdict
MIXED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution
Affiliation
Christianity

Reported finances

Revenue
$22,944
Expenses
$27,639
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • SAMUEL LORINCZ (PRESIDENT, CEO)
  • LIVIA LORINCZ (VICE PRESIDENT, TRUS)

People named in this filing

  • SAMUEL LORINCZ (PRESIDENT, CEO)
  • LIVIA LORINCZ (VICE PRESIDENT, TRUS)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To establish and plant christian churches of the baptist faith and focus on evangelism and spreading the gospel of jesus christ to nations around the world. Gracework ministries will maintain operations in the u.s. And assist planting churches in eastern europe, romani as well as throughout the world. Gracework ministries purpose also included providing resources, including monetary, missionaries, pastors and other assistance as a long-term basis to churches worldwide.

What it reported doing in 2022

Supporting missionary preaching the gospel of jesus weekly and on many other occasions in romani. Provide gospel-centered resources on the web in spanish for translators, editors, web publisher for peru.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 12
  • Transparency & Controls: 100
  • Sustainability: 18
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 19.6%; rating input score 20
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -20.5%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -36.6% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -91.2% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 19.6% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 4 of 4 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2020 to 2022
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 20/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 24/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.