Grace Christian School Of Ocala Florida Inc
Grace Christian School Of Ocala Florida Inc shows consistent revenue growth and no reported officer compensation.
EIN: 200581148 · Ocala, FL · NTEE: B24 · Updated: 2026-03-28
Is Grace Christian School Of Ocala Florida Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grace Christian School Of Ocala Florida Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grace Christian School Of Ocala Florida Inc
Grace Christian School Of Ocala Florida Inc (EIN: 200581148) is a nonprofit organization based in Ocala, FL, classified under NTEE code B24. The organization reported total revenue of $4.7M and total assets of $14.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Christian School Of Ocala Florida Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace Christian School Of Ocala Florida Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$896K |
| Total Assets | $8.8M |
| Total Liabilities | $2.9M |
| Net Assets | $5.9M |
| Operating Margin | 27.9% |
| Debt-to-Asset Ratio | 32.7% |
| Months of Reserves | 45.6 months |
Financial Health Grade: A
In 2023, Grace Christian School Of Ocala Florida Inc reported a surplus of $896K with revenue exceeding expenses, holds 45.6 months of operating reserves (strong position), has a debt-to-asset ratio of 32.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Grace Christian School Of Ocala Florida Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.5% | +20.8% | +9.3% |
| 2022 | +31.9% | +3.4% | +0.8% |
| 2021 | -3.7% | +-0.0% | -1.8% |
| 2020 | +3.9% | -4.6% | +2.5% |
| 2019 | +6.0% | +4.4% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Grace Christian School Of Ocala Florida Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Grace Christian School Of Ocala Florida Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $896K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $3 million. This suggests either a volunteer leadership structure or that compensation is categorized differently, which enhances the perception of financial efficiency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Grace Christian School Of Ocala Florida Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might warrant further inquiry into how leadership is compensated if at all.
Strengths
The following positive indicators were identified for Grace Christian School Of Ocala Florida Inc:
- Consistent revenue growth, from $1,893,665 in 2021 to $3,209,597 in 2023.
- Increasing assets and decreasing liabilities, indicating improved financial stability (Assets $7,978,652 in 2021 to $8,793,103 in 2023; Liabilities $3,542,228 in 2021 to $2,873,436 in 2023).
- No reported officer compensation across all available filings, suggesting high efficiency in leadership costs.
- Strong program focus implied by low administrative overhead and no reported officer compensation.
Frequently Asked Questions about Grace Christian School Of Ocala Florida Inc
Is Grace Christian School Of Ocala Florida Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grace Christian School Of Ocala Florida Inc (EIN: 200581148) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Grace Christian School Of Ocala Florida Inc spend its money?
Grace Christian School Of Ocala Florida Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Grace Christian School Of Ocala Florida Inc tax-deductible?
Grace Christian School Of Ocala Florida Inc is registered as a tax-exempt nonprofit (EIN: 200581148). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Grace Christian School Of Ocala Florida Inc a good charity?
Based on the available IRS 990 data, Grace Christian School Of Ocala Florida Inc appears to be a financially healthy and efficient organization. It demonstrates strong program spending, consistent revenue growth, increasing assets, and no reported officer compensation, all of which are positive indicators.
How has the organization's financial health changed over time?
The organization has shown significant financial improvement. Revenue has grown from $1,893,665 in 2021 to $3,209,597 in 2023, and assets have increased from $7,978,652 to $8,793,103 in the same period, while liabilities have decreased from $3,542,228 to $2,873,436.
What is the organization's approach to executive compensation?
Grace Christian School Of Ocala Florida Inc consistently reports 0% officer compensation in its IRS 990 filings, indicating that its officers are either unpaid volunteers or compensated through means not classified as officer compensation, which is a strong positive for efficiency.
Filing History
IRS 990 filing history for Grace Christian School Of Ocala Florida Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grace Christian School Of Ocala Florida Inc's revenue has grown by 85.3%, moving from $1.7M to $3.2M. Total assets decreased by 22.4% over the same period, from $11.3M to $8.8M. Total functional expenses rose by 9.3%, from $2.1M to $2.3M. In its most recent filing year (2023), Grace Christian School Of Ocala Florida Inc reported a surplus of $896K, with revenue exceeding expenses. The organization holds $2.9M in liabilities against $8.8M in assets (debt-to-asset ratio: 32.7%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $2.3M | $8.8M | $2.9M | — | View 990 |
| 2022 | $2.5M | $1.9M | $8.0M | $3.0M | — | View 990 |
| 2021 | $1.9M | $1.9M | $8.0M | $3.5M | — | View 990 |
| 2020 | $2.0M | $1.9M | $8.1M | $3.7M | — | View 990 |
| 2019 | $1.9M | $1.9M | $7.9M | $3.6M | — | View 990 |
| 2018 | $1.8M | $1.9M | $8.1M | $3.8M | — | View 990 |
| 2017 | $1.9M | $1.9M | $8.4M | $4.0M | — | View 990 |
| 2016 | $2.6M | $1.8M | $8.6M | $4.2M | — | View 990 |
| 2015 | $1.7M | $1.7M | $8.5M | $4.9M | — | View 990 |
| 2014 | $1.7M | $1.6M | $8.4M | $4.8M | — | View 990 |
| 2013 | $1.7M | $1.6M | $10.4M | $6.9M | — | View 990 |
| 2012 | $1.7M | $1.9M | $11.0M | $7.6M | — | View 990 |
| 2011 | $1.7M | $2.1M | $11.3M | $7.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $2.3M, and assets of $8.8M (revenue +28.5% year-over-year).
- 2022: Revenue of $2.5M, expenses of $1.9M, and assets of $8.0M (revenue +31.9% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.9M, and assets of $8.0M (revenue -3.7% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.9M, and assets of $8.1M (revenue +3.9% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $7.9M (revenue +6.0% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.9M, and assets of $8.1M (revenue -7.4% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.9M, and assets of $8.4M (revenue -25.1% year-over-year).
- 2016: Revenue of $2.6M, expenses of $1.8M, and assets of $8.6M (revenue +52.5% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $8.5M (revenue +1.5% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.6M, and assets of $8.4M (revenue -0.9% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.6M, and assets of $10.4M (revenue -1.5% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.9M, and assets of $11.0M (revenue -1.6% year-over-year).
- 2011: Revenue of $1.7M, expenses of $2.1M, and assets of $11.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace Christian School Of Ocala Florida Inc:
Data Sources and Methodology
This transparency report for Grace Christian School Of Ocala Florida 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.