Grace and Faith International Academy Inc

Analysis

Grace and Faith International Academy Inc is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in February 2013, 13 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 December 2023, Grace and Faith International Academy Inc reported income of $382k and spending of $427k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $344k to $382k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace and Faith International Academy Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Kentucky Special Parent Involvement Network Inc ($382k), Learn As You Grow Preschool & Kindergarten Association Inc ($382k) and Altadena Nursery School Inc ($382k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $55k (13% of expenses). At year end it held assets of $743k against liabilities of $673k, net assets of $70k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.