Grand River Academy

Analysis

Grand River Academy is a registered charity in United States, based in Austinburg, OH. It received its IRS tax-exemption ruling in January 1953, 73 years ago. 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, Grand River Academy reported income of $4.2m and spending of $5.2m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $4.2m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grand River Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Habitat for Humanity Inc ($4.2m), Phi Gamma Delta Educational Foundation ($4.2m) and Somerset Health Care Foundation Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $212k (4.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.5m against liabilities of $2.0m, net assets of $5.5m. It reported 43 employees.