Grace Christian Academy of Owensboro

Analysis

Grace Christian Academy of Owensboro is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in November 2019, 7 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 December 2023, Grace Christian Academy of Owensboro reported income of $726k and spending of $717k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $375k to $726k (+94%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 181%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Christian Academy of Owensboro sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within KY. Charities of a similar size with the same main cause include Brighter Horizon of Baton Rouge ($726k), Rose Hall ($726k) and Fuerza Laboral ($726k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $98k (14% of expenses). Other salaries and wages came to $440k. At year end it held assets of $265k against liabilities of $17k, net assets of $248k. It reported 30 employees.