Grace Place School

Analysis

Grace Place School is a registered charity in United States, based in Pompano Beach, FL. It received its IRS tax-exemption ruling in March 2014, 12 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 December 2023, Grace Place School reported income of $302k and spending of $288k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $253k to $302k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. 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 Place School sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Rouse Band Boosters Inc ($302k), Norwin Band Aides ($302k) and The Crayon Initiative ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $227k. At year end it held assets of $117k against liabilities of $28k, net assets of $89k. It reported 3 employees.