Grace Prep Incorporated

Analysis

Grace Prep Incorporated is a registered charity in United States, based in State College, PA. 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 Prep Incorporated reported income of $655k and spending of $757k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $767k to $655k (-15%), an average of -5.2% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Prep Incorporated sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include PGSS Campaign Inc ($655k), Dieu Est Notre Espoir Inc ($655k) and Desoto County Education Foundation Inc ($654k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Other salaries and wages came to $434k. It paid $2,516 in professional fundraising fees. At year end it held assets of $279k against liabilities of $66k, net assets of $213k. It reported 14 employees.