Grace Classical Christian Academy

Analysis

Grace Classical Christian Academy is a registered charity in United States, based in Granbury, TX. It received its IRS tax-exemption ruling in June 2012, 14 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 May 2023, Grace Classical Christian Academy reported income of $1.5m and spending of $936k, leaving 36% of income unspent that year. Across the 4 years on record, from August 2020 to May 2023, income grew from $661k to $1.5m (+121%), an average of +30% a year. The sharpest change came in the year to May 2023, when income rose by 60%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Classical Christian 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 87th percentile within TX. Charities of a similar size with the same main cause include Shands Jacksonville Foundation Inc ($1.5m), Pittsburgh Urban Christian School ($1.5m) and Student Government Association of Montclair State University Inc ($1.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 49% and program service revenue 46% of the total. Other salaries and wages came to $675k. At year end it held assets of $952k against liabilities of $19k, net assets of $934k. It reported 30 employees.