Grace School of Theology

Analysis

Grace School of Theology is a registered charity in United States, based in The Woodlands, TX. It received its IRS tax-exemption ruling in April 2002, 24 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, Grace School of Theology reported income of $6.0m and spending of $6.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.8m to $6.0m (-12%), an average of -3.0% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace School of Theology sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Association for the Advancement of Education Inc ($6.0m), News Literacy Project Inc ($6.0m) and Island Foundation Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $206k (3.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.4m against liabilities of $1.4m, net assets of $1.0m. It reported 71 employees.