Grace Classical School Inc

Analysis

Grace Classical School Inc is a registered charity in United States, based in Jacksonville, NC. It received its IRS tax-exemption ruling in May 2016, 10 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 2024, Grace Classical School Inc reported income of $518k and spending of $487k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $245k to $518k (+111%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Classical School Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Literacy Center Inc ($518k), My Weekday School Inc ($518k) and Albany Medical College Alumni Association Inc ($518k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $352k. At year end it held assets of $286k against liabilities of $20k, net assets of $267k. It reported 51 employees.