Grace Place Learning Center

Analysis

Grace Place Learning Center is a registered charity in United States, based in McMinnville, OR. It received its IRS tax-exemption ruling in July 2023, 3 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 Learning Center reported income of $501k and spending of $507k, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $376k to $501k (+33%), an average of +5.9% a year. The sharpest change came in the year to December 2022, when income rose by 159%. 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, Grace Place Learning Center sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OR. Charities of a similar size with the same main cause include Center for Redemptive Education Inc ($501k), Advocates of Change ($501k) and Forge Academy ($501k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Other salaries and wages came to $269k. At year end it held assets of $291k against liabilities of $7,620, net assets of $284k. It reported 22 employees.