Grace Academy of Kerrville

Analysis

Grace Academy of Kerrville is a registered charity in United States, based in Kerrville, TX. 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 2024, Grace Academy of Kerrville reported income of $229k and spending of $209k, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $146k to $229k (+56%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 83%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Academy of Kerrville sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Deer Creek Band Booster Association ($229k), Lakeside High School Friends of the Fine Arts ($229k) and Florida Supportive Housing Coalition Inc ($229k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 77% of the total. Other salaries and wages came to $113k. At year end it held assets of $194k against liabilities of $0, net assets of $194k. It reported 8 employees.