Grace Schools

Analysis

Grace Schools is a registered charity in United States, based in Winona Lake, IN. It received its IRS tax-exemption ruling in March 1941, 85 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 April 2023, Grace Schools reported income of $65.0m and spending of $61.4m, spending 94% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $51.0m to $65.0m (+27%), an average of +8.4% a year. The sharpest change came in the year to April 2022, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Schools sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Pingry Corporation ($64.9m), Albany College of Pharmacy and Health Sciences ($65.1m) and Csu Fullerton Auxiliary Services Corporation ($64.9m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $308k (0.5% of expenses). Other salaries and wages came to $14.0m. It paid $55k in professional fundraising fees. At year end it held assets of $85.9m against liabilities of $30.7m, net assets of $55.2m. It reported 1,138 employees.