Grace Classical Academy Inc

Analysis

Grace Classical Academy Inc is a registered charity in United States, based in Bonita SPGS, FL. It received its IRS tax-exemption ruling in July 2016, 10 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 Academy Inc reported income of $1.0m and spending of $863k, spending 85% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $436k to $1.0m (+132%), an average of +32% a year. The sharpest change came in the year to May 2022, when income rose by 52%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Classical Academy Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Ripon Christian Schools Foundation ($1.0m), Foundation for Academic Endeavors ($1.0m) and Watershed High School ($1.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 4.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $59k (6.8% of expenses). Other salaries and wages came to $560k. At year end it held assets of $655k against liabilities of $34k, net assets of $621k. It reported 22 employees.