Gracepoint Christian Academy

Analysis

Gracepoint Christian Academy is a registered charity in United States, based in Jonesboro, LA. It received its IRS tax-exemption ruling in January 2018, 8 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 June 2023, Gracepoint Christian Academy reported income of $229k and spending of $252k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $168k to $229k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gracepoint Christian Academy sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within LA. Charities of a similar size with the same main cause include Little Lions Preschool Inc ($229k), Mid-State Literacy Council Inc ($229k) and Moriah Association of Parents Inc ($229k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Other salaries and wages came to $144k. At year end it held assets of $719k against liabilities of $38k, net assets of $681k. It reported 16 employees.