Amazing Grace Virtual Academy

Analysis

Amazing Grace Virtual Academy is a registered charity in United States, based in New Ulm, MN. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Amazing Grace Virtual Academy reported income of $266k and spending of $262k, spending 99% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $268k to $266k (-0.9%), an average of -0.9% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Amazing Grace Virtual Academy sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include Dynamic Connections ($266k), Community Alliance for Special Education ($266k) and Hollis Preschool ($266k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $78k (30% of expenses). Other salaries and wages came to $3,137. At year end it held assets of $293k against liabilities of $0, net assets of $293k. It reported 2 employees.