Grace Church School

Analysis

Grace Church School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2006, 20 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 2023, Grace Church School reported income of $55.4m and spending of $59.2m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $48.0m to $55.4m (+15%), an average of +3.6% a year. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Church School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Blake School ($55.3m), Davis & Elkins College ($55.4m) and Cal Poly Humboldt Sponsored Programs Foundation ($55.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.6m (2.7% of expenses). Other salaries and wages came to $21.7m. At year end it held assets of $190.8m against liabilities of $165.8m, net assets of $25.0m. It reported 371 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.