Graceland College Center for Prof Dev & Lifelong Learning Inc

Analysis

Graceland College Center for Prof Dev & Lifelong Learning Inc is a registered charity in United States, based in Mission, KS. It received its IRS tax-exemption ruling in November 1994, 32 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 May 2023, Graceland College Center for Prof Dev & Lifelong Learning Inc reported income of $21.1m and spending of $22.2m, spending 105% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $59.2m to $21.1m (-64%), an average of -23% a year. The sharpest change came in the year to May 2021, when income dropped by 43%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Graceland College Center for Prof Dev & Lifelong Learning Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within KS. Charities of a similar size with the same main cause include Trocaire College ($21.1m), Burr & Burton Academy ($21.1m) and Rosemont College of the Holy Child Jesus ($21.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 9.6% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $1.8m (8.0% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $16.4m against liabilities of $6.7m, net assets of $9.6m. It reported 125 employees.