Love & Grace Christian Academy Inc

Analysis

Love & Grace Christian Academy Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in April 1997, 29 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, Love & Grace Christian Academy Inc reported income of $583k and spending of $364k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $41k to $583k (+1338%), an average of +95% a year. The sharpest change came in the year to December 2020, when income rose by 676%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Love & Grace Christian Academy Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Montessori Childrens House of Springfield ($583k), Friends of the Metropolitan Library System in Oklahoma County ($583k) and Pioneer Christian Academy ($583k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $55k (15% of expenses). Other salaries and wages came to $108k. At year end it held assets of $591k against liabilities of $21k, net assets of $570k.