Grace Christian Academy Foundation

Analysis

Grace Christian Academy Foundation is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Christian Academy Foundation reported income of $192k and spending of $170k, spending 89% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $264k to $192k (-27%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Christian Academy Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Vaad Hakashruth ($192k), Lighthouse Network Inc ($193k) and Faith Builders Worship Center Ministries Inc ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $254k against liabilities of $0, net assets of $254k.