Grace Christian School of Ocala Florida Inc

Analysis

Grace Christian School of Ocala Florida Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in August 2005, 21 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 Christian School of Ocala Florida Inc reported income of $3.2m and spending of $2.3m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $3.2m (+70%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 86% 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 of Ocala Florida Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Carolina Christian School of Locust North Carolina Inc ($3.2m), Cardinal and Gold Fund Inc ($3.2m) and Berkshire Country Day School Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 66% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $8.8m against liabilities of $2.9m, net assets of $5.9m. It reported 54 employees.