Growing in Grace Preparatory School Inc

Analysis

Growing in Grace Preparatory School Inc is a registered charity in United States, based in Palm Bay, FL. It received its IRS tax-exemption ruling in December 2024, 2 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, Growing in Grace Preparatory School Inc reported income of $140k and spending of $132k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $140k (+70%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Growing in Grace Preparatory School Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include R Bazaar ($140k), Carlsbad High School Touchdown Club ($140k) and Sewickley Academy Home and School Association ($140k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $11k (8.2% of expenses). Other salaries and wages came to $55k. At year end it held assets of $3,729 against liabilities of $1,176, net assets of $2,553. It reported 6 employees.