Grace Christian Academy

Analysis

Grace Christian Academy is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in June 2022, 4 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 August 2023, Grace Christian Academy reported income of $6.4m and spending of $2.2m, leaving 65% of income unspent that year. Across the 3 years on record, from December 2021 to August 2023, income grew from $1.1m to $6.4m (+461%), an average of +137% a year. The sharpest change came in the year to August 2023, when income rose by 426%. Over the whole period it spent 50% 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 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Downsville Community Charter Inc ($6.4m), Grand Haven Christian School ($6.4m) and The Hope Academy ($6.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 73% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $1.2m (53% of expenses). At year end it held assets of $4.8m against liabilities of $358k, net assets of $4.4m. It reported 51 employees.