Grace Christian Academy Of Kingsmountain Inc
EIN: 260258948 · Kings Mtn, NC · NTEE: B20
Is Grace Christian Academy Of Kingsmountain Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grace Christian Academy Of Kingsmountain Inc
Grace Christian Academy Of Kingsmountain Inc (EIN: 260258948) is a nonprofit organization based in Kings Mtn, NC, classified under NTEE code B20. The organization reported total revenue of $1.2M and total assets of $212K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Christian Academy Of Kingsmountain Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace Christian Academy Of Kingsmountain Inc is a mid-size nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-2,143 |
| Total Assets | $176K |
| Total Liabilities | $185K |
| Net Assets | $-8,661 |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 104.9% |
| Months of Reserves | 2.0 months |
Financial Health Grade: D
In 2023, Grace Christian Academy Of Kingsmountain Inc reported a deficit of $2K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 104.9% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), Grace Christian Academy Of Kingsmountain Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.5% | +27.7% | +14.2% |
| 2022 | -4.8% | +11.5% | -21.6% |
| 2021 | +41.0% | +21.2% | +284.5% |
| 2020 | -7.6% | -8.2% | +864.1% |
| 2019 | +4.0% | +8.6% | -55.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grace Christian Academy Of Kingsmountain Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Grace Christian Academy Of Kingsmountain Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 104.9%.
Frequently Asked Questions about Grace Christian Academy Of Kingsmountain Inc
Is Grace Christian Academy Of Kingsmountain Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grace Christian Academy Of Kingsmountain Inc (EIN: 260258948) insufficient data. 0 red flags identified, 0 strengths noted.
How does Grace Christian Academy Of Kingsmountain Inc spend its money?
Detailed spending breakdown data is not yet available for Grace Christian Academy Of Kingsmountain Inc. Check back for updated IRS 990 analysis.
Are donations to Grace Christian Academy Of Kingsmountain Inc tax-deductible?
Grace Christian Academy Of Kingsmountain Inc is registered as a tax-exempt nonprofit (EIN: 260258948). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Grace Christian Academy Of Kingsmountain Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Grace Christian Academy Of Kingsmountain Inc's revenue has grown by 109.9%, moving from $494K to $1.0M. Total assets increased by 190.2% over the same period, from $61K to $176K. Total functional expenses rose by 106.3%, from $503K to $1.0M. In its most recent filing year (2023), Grace Christian Academy Of Kingsmountain Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $185K in liabilities against $176K in assets (debt-to-asset ratio: 104.9%), resulting in net assets of $-8,661.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.0M | $176K | $185K | — | View 990 |
| 2022 | $771K | $813K | $155K | $161K | — | View 990 |
| 2021 | $810K | $729K | $197K | $161K | — | View 990 |
| 2020 | $575K | $602K | $51K | $95K | — | View 990 |
| 2019 | $622K | $655K | $5K | $28K | — | View 990 |
| 2018 | $598K | $603K | $12K | $1K | — | View 990 |
| 2017 | $633K | $654K | $18K | $1K | — | View 990 |
| 2016 | $581K | $588K | $39K | $2K | — | View 990 |
| 2015 | $562K | $564K | $51K | $8K | — | — |
| 2014 | $558K | $569K | $50K | $4K | — | — |
| 2013 | $494K | $503K | $61K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.0M, and assets of $176K (revenue +34.5% year-over-year).
- 2022: Revenue of $771K, expenses of $813K, and assets of $155K (revenue -4.8% year-over-year).
- 2021: Revenue of $810K, expenses of $729K, and assets of $197K (revenue +41.0% year-over-year).
- 2020: Revenue of $575K, expenses of $602K, and assets of $51K (revenue -7.6% year-over-year).
- 2019: Revenue of $622K, expenses of $655K, and assets of $5K (revenue +4.0% year-over-year).
- 2018: Revenue of $598K, expenses of $603K, and assets of $12K (revenue -5.5% year-over-year).
- 2017: Revenue of $633K, expenses of $654K, and assets of $18K (revenue +9.0% year-over-year).
- 2016: Revenue of $581K, expenses of $588K, and assets of $39K (revenue +3.5% year-over-year).
- 2015: Revenue of $562K, expenses of $564K, and assets of $51K (revenue +0.6% year-over-year).
- 2014: Revenue of $558K, expenses of $569K, and assets of $50K (revenue +13.0% year-over-year).
- 2013: Revenue of $494K, expenses of $503K, and assets of $61K.
Data Sources and Methodology
This transparency report for Grace Christian Academy Of Kingsmountain Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.