Grace Community School

Analysis

Grace Community School is a registered charity in United States, based in Delaware, OH. It received its IRS tax-exemption ruling in June 2008, 18 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 August 2023, Grace Community School reported income of $618k and spending of $632k, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $460k to $618k (+34%), an average of +7.6% a year. The sharpest change came in the year to August 2021, when income rose by 39%. 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 Community School sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Osu Lew Wentz Foundation ($618k), Lakeview Preschool Inc ($618k) and Glenview Methodist Pre School Inc ($618k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 17% and program service revenue 76% of the total. Other salaries and wages came to $446k. At year end it held assets of $458k against liabilities of $397k, net assets of $61k. It reported 18 employees.