Grace Classical Academy

Analysis

Grace Classical Academy is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in November 2001, 25 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 Classical Academy reported income of $1.4m and spending of $1.3m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $919k to $1.4m (+55%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Classical Academy sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within MO. Charities of a similar size with the same main cause include Rowan County Crosby Scholars Community Partnership ($1.4m), Jefferson Davis Academy Inc ($1.4m) and Vita Education Services Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $186k (15% of expenses). Other salaries and wages came to $658k. At year end it held assets of $2.5m against liabilities of $937k, net assets of $1.5m. It reported 38 employees.