Grace Christian Academy

Analysis

Grace Christian Academy is a registered charity in United States, based in Bryson City, NC. It received its IRS tax-exemption ruling in July 2000, 26 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 Christian Academy reported income of $116k and spending of $192k, spending 165% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $192k to $116k (-39%), an average of -9.5% a year. The sharpest change came in the year to June 2020, when income dropped by 22%. Over the whole period it spent 122% 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 sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Perrysburg Orchestra Boosters Inc ($116k), Happy Face Nursery School of Califon Inc ($116k) and Friends of Clinton-Macomb Public Library ($116k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $86k (45% of expenses). At year end it held assets of $903k against liabilities of $0, net assets of $903k. It reported 7 employees.

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.