GIFTING GRACE PROJECT INC

EIN: 862431236 501(c)(3) Religion

LAFAYETTE, LA

Total Revenue
$128,483
Total Expenses
$141,768
Total Assets
$40,475
Net Assets
$30,363
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
LA
Principal Officer
DAVID OWENS
Phone
3373213356
Tax Period
2023-01-01 to 2023-12-31

GIFTING GRACE PROJECT INC, founded in 2021, is a small nonprofit in the Religion sector that reported $128K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $142K exceeded revenue, resulting in a 10% operating deficit.

Mission

Our mission is to freely love and support homeless and indigent children in our community.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $128,483
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $128,483

Expense Breakdown

Grants Paid $0
Salaries & Benefits $42,477
Fundraising Expenses $22,742
Other Expenses $99,291
TOTAL EXPENSES $141,768

Year-over-Year Comparison

2023 2022 Change
Revenue $128,483 $103,038 +0.2%
Expenses $141,768 $80,007 +0.8%
Net Income $-13,285 $23,031 -1.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
2
Volunteers
150

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$39,294
Total Directors
1
$36,038
Key Employees
1
$36,038
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID OWENS DIRECTOR 40
Officer Director Key Emp
$36,038 $0 $36,038
JAHANA OWENS DIRECTOR 1
Officer
$0 $0 $0
RUTH MOORE DIRECTOR 1
Officer
$0 $0 $0
NICOLE POGUE SECRETARY 1
Officer
$0 $0 $0
CRYSTAL LOUVIERE SECRETARY 1
Officer
$0 $0 $0
MOLLY SCOTT TREASURER 1
Officer
$0 $0 $0
ALLAN MOORE DIRECTOR 1
Officer
$0 $0 $0
SARAH ARNOLD OFFICER 1
Officer
$3,256 $0 $3,256
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $128,483 $141,768 $40,475 $-13,285
2022 $103,038 $80,007 $38,407 $23,031
2021 $44,984 $31,793 $15,169 $13,191
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