Legacy of Grace School Tuition Organization Inc

Analysis

Legacy of Grace School Tuition Organization Inc is a registered charity in United States, based in Oskaloosa, IA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Legacy of Grace School Tuition Organization Inc reported income of $464k and spending of $515k, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $296k to $464k (+57%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy of Grace School Tuition Organization Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within IA. Charities of a similar size with the same main cause include Two Bikes ($464k), Center for Restorative Approaches ($464k) and Crossing Heritage Academy Inc ($464k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $522k against liabilities of $0, net assets of $522k.