Grace Home School Academy

Analysis

Grace Home School Academy is a registered charity in United States, based in Grandville, MI. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Grace Home School Academy reported income of $311k and spending of $318k, spending 102% of its income. Across the 2 years on record, from June 2021 to June 2023, income grew from $236k to $311k (+31%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Home School Academy sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include School Community Council Ps3 ($310k), Citrs Inc ($311k) and Talmudic College 4000 Alton Road Inc ($310k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Other salaries and wages came to $207k. At year end it held assets of $68k against liabilities of $1,418, net assets of $66k. It reported 29 employees.