Gretna Elite Academy

Analysis

Gretna Elite Academy is a registered charity in United States, based in Gretna, NE. It received its IRS tax-exemption ruling in June 1985, 41 years ago. 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 December 2023, Gretna Elite Academy reported income of $2.0m and spending of $1.6m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.0m (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gretna Elite Academy sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within NE. Charities of a similar size with the same main cause include Ronald McDonald House Charities of Indiana-Michiana Inc ($2.0m), Phame Academy ($2.0m) and Renaissance Unlimited Homes Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 93% of the total. At year end it held assets of $5.4m against liabilities of $3.9m, net assets of $1.5m.