Grace Christian Academy of Kingsmountain Inc

Analysis

Grace Christian Academy of Kingsmountain Inc is a registered charity in United States, based in Kings MTN, NC. It received its IRS tax-exemption ruling in April 2014, 12 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 Academy of Kingsmountain Inc reported income of $1.0m and spending of $1.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $622k to $1.0m (+67%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Christian Academy of Kingsmountain Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Parent Teacher Home Visits ($1.0m), Gloria J Taylor Foundation ($1.0m) and Project Learn Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $350 (0.0% of expenses). At year end it held assets of $176k against liabilities of $185k, net assets of -$8,661. It reported 37 employees.