Gray Collegiate Academy Inc

Analysis

Gray Collegiate Academy Inc is a registered charity in United States, based in West Columbia, SC. It received its IRS tax-exemption ruling in November 2014, 12 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, Gray Collegiate Academy Inc reported income of $9.9m and spending of $11.0m, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.6m to $9.9m (+77%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gray Collegiate Academy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within SC. Charities of a similar size with the same main cause include Lakeview Academy ($9.9m), Mid-Atlantic Region Commission on Higher Education ($9.9m) and Northern Kane Educational Corp ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $212k (1.9% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $26.9m against liabilities of $26.4m, net assets of $490k. It reported 2 employees.