Spirit and Grace Academy

Analysis

Spirit and Grace Academy is a registered charity in United States, based in Elkhorn, NE. It received its IRS tax-exemption ruling in October 2022, 4 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, Spirit and Grace Academy reported income of $467k and spending of $1.5m, spending 311% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $380k to $467k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 281% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spirit and Grace Academy sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NE. Charities of a similar size with the same main cause include University Montessori School Inc ($467k), Student Government State Universit Y of New York College ($467k) and Educating Children of Color ($467k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $412k against liabilities of $2.0m, net assets of -$1.6m. It reported 32 employees.