Grace Christian Preschool of Carrollton

Analysis

Grace Christian Preschool of Carrollton is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Christian Preschool of Carrollton reported income of $665k and spending of $653k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $246k to $665k (+170%), an average of +64% a year. The sharpest change came in the year to December 2022, when income rose by 118%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Christian Preschool of Carrollton sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Rcip Inc ($665k), Adams County Christian Academy Inc ($665k) and Woodsong Forest Education Foundation ($665k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $49k (7.5% of expenses). Other salaries and wages came to $474k. At year end it held assets of $64k against liabilities of $0, net assets of $64k. It reported 36 employees.