Gracepoint School Inc

Analysis

Gracepoint School Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in August 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 June 2023, Gracepoint School Inc reported income of $4.4m and spending of $3.7m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $4.4m (+71%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gracepoint School Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Depaul College Prep Foundation ($4.4m), Horizon Academy ($4.4m) and Merit Academy ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 75% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $6.0m against liabilities of $2.7m, net assets of $3.3m. It reported 59 employees.