Children of Grace Childcare & Education Center

Analysis

Children of Grace Childcare & Education Center is a registered charity in United States, based in Hibbing, MN. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Children of Grace Childcare & Education Center reported income of $675k and spending of $588k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $474k to $675k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Children of Grace Childcare & Education Center sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Tennessee Educational Technology Association ($675k), Beginnings Child Care Center & Preschool Inc ($675k) and North Naples Education Center Inc ($674k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. At year end it held assets of $254k against liabilities of $545, net assets of $254k. It reported 38 employees.