Graceway Chinese-English Christian Academy

Analysis

Graceway Chinese-English Christian Academy is a registered charity in United States, based in Arden Hills, MN. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Graceway Chinese-English Christian Academy reported income of $64k and spending of $55k, spending 86% of its income. Across the 3 years on record, from December 2022 to June 2024, income fell from $127k to $64k (-50%), an average of -29% a year. The sharpest change came in the year to June 2024, when income dropped by 37%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Graceway Chinese-English Christian Academy sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 21st percentile within MN. Charities of a similar size with the same main cause include Voices in Praise Inc ($64k), Arts Wayland Foundation Inc ($64k) and The Mankato Childrens Chorus ($64k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 4.1% and program service revenue 92% of the total. At year end it held assets of $176k against liabilities of $3,935, net assets of $172k.