Gods Grace Learning Center

Analysis

Gods Grace Learning Center is a registered charity in United States, based in Magnolia, TX. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Gods Grace Learning Center reported income of $1.2m and spending of $1.2m, spending 97% of its income. Across the 3 years on record, from December 2019 to December 2022, income grew from $951k to $1.2m (+26%), an average of +12% a year. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gods Grace Learning Center sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Mimis Preschool Inc ($1.2m), Carbon County Senior Services Inc ($1.2m) and Dwell with Dignity Inc ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $42k (3.6% of expenses). Other salaries and wages came to $646k. At year end it held assets of $720k against liabilities of $13k, net assets of $708k. It reported 47 employees.