Grace Christian School

Analysis

Grace Christian School is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in November 1983, 43 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Grace Christian School reported income of $3.2m and spending of $3.1m, spending 98% of its income. Across the 5 years on record, from August 2019 to June 2023, income grew from $2.5m to $3.2m (+27%), an average of +6.1% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace Christian School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Day One ($3.2m), Independence Health & Therapy ($3.2m) and Boys and Girls Club of Lake Tahoe ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 86% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $2.2m against liabilities of $437k, net assets of $1.7m. It reported 144 employees.