Grace Christian School Corporation

Analysis

Grace Christian School Corporation is a registered charity in United States, based in Bennington, VT. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Grace Christian School Corporation reported income of $2.5m and spending of $2.1m, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $2.5m (+116%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Christian School Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within VT. Charities of a similar size with the same main cause include Stargate Foundation ($2.5m), Episcopal Day School Inc ($2.5m) and Granville Christian Academy Inc ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 77% of the total. Other salaries and wages came to $845k. At year end it held assets of $3.4m against liabilities of $110k, net assets of $3.3m. It reported 53 employees.