Grace Arts Center Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Grace Arts Center's mission is to create and connect three distinct areas of general programming resulting in more extensive cultural collaborations and revitalization of South Florida communities.
- Income
- $404,749
- Spending
- $319,749
- Spent on programs
- 100%
- Reserves
- 105.7 months of spending
- Largest source of income
- donations and private grants, 31%
- Employees
- 0
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 90 out of 100. Higher than 75% of charities in its peer group (arts and culture, $250k to $1m).
Reserves
35 of 35Spendable reserves would cover 105.7 months of spending.
Debt
20 of 20It owes 1% of what it owns.
Living within its means
15 of 15Income exceeded spending by 21% of income.
Income trend
5 of 15Income fell 22% on the year before.
Spending floor
15 of 15100% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 54 out of 100. Higher than 22% of charities in its peer group (arts and culture, $250k to $1m).
Independent board
5 of 250 of 3 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $237,749 spent. 4ACultural Exhibits: 'Outsider Art? Self-taught Visual Artist Exhibits at cultural and historical sites, 'Street Art Regatta' an outdoor art exhibit on the water and land featuring painted sails and competitive sailing, Art Fair Installations and activities during Miami Art Week to provide a platform for self-taught artists of excellence to be curated with a focus on Florida culture and history, and films including micro and feature documentaries exploring Florida history and culture.
- $82,000 spent. Performances: 'Shakespeare La Florida' annual multi-disciplinary theater adaptation series 'Festival of Classics' a 'Shakespeare in the Park' initiative to foster collaboration with other cultural organizations and encourage classical literature reading and creative writing includes a public festival project with live performances and master classes at public schools.
- Urban Design: 'COAT' Community of Artists Transforms Mural Art installations 'Artworks' community conversations with designers and artists with opportunities for academic participation to contrast and explore Florida vernacular design 'Mobile Art Pavilion' community revitalization through a transportable platform for the arts 'Urban Shade' architecture and design challenge to place modular and natural tree shade together in public spaces new in 2022 'SAGA' a pop up art-as-shade event with visual and performance artists to support homeless initiatives .
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 2013.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.