Grace Christian University

Analysis

Grace Christian University is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in August 1964, 62 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 2023, Grace Christian University reported income of $15.0m and spending of $14.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $15.3m to $15.0m (-1.7%), an average of -0.4% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Christian University sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include The Center Resources for Teaching and Learning ($15.0m), D Arbonne Woods Charter School Inc ($15.0m) and Northwood Academy Charter School ($15.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $233k (1.6% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $17.6m against liabilities of $6.0m, net assets of $11.5m. It reported 355 employees.