Grace Neighborhood Nursery School

Analysis

Grace Neighborhood Nursery School is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Grace Neighborhood Nursery School reported income of $644k and spending of $609k, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $508k to $644k (+27%), an average of +6.1% a year. The sharpest change came in the year to August 2022, when income rose by 45%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Neighborhood Nursery School sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Harrisonville Ministerial Alliance ($644k), Faith Connections Inc ($644k) and Cottonwood Foundation Inc ($644k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $92k (15% of expenses). Other salaries and wages came to $285k. At year end it held assets of $403k against liabilities of $47k, net assets of $356k. It reported 14 employees.