Grace Home School Academy
EIN: 383194117 · Grandville, MI · NTEE: B99Z
| Metric | Value |
|---|---|
| Total Revenue | $326K |
| Total Expenses | $318K |
| Net Assets | $66K |
Is Grace Home School Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grace Home School Academy
Grace Home School Academy (EIN: 383194117) is a nonprofit organization based in Grandville, MI, classified under NTEE code B99Z. The organization reported total revenue of $326K and total assets of $95K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Home School Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace Home School Academy is a small nonprofit that has been operating for 28 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $311K |
| Total Expenses | $318K |
| Surplus / Deficit | $-7,252 |
| Total Assets | $68K |
| Total Liabilities | $1K |
| Net Assets | $66K |
| Operating Margin | -2.3% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 2.6 months |
Financial Health Grade: C
In 2023, Grace Home School Academy reported a deficit of $7K with expenses exceeding revenue, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Grace Home School Academy's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.3% | +37.1% | +31.4% |
| 2021 | +23.0% | +6.7% | +24.7% |
| 2020 | +1.0% | +24.6% | -37.6% |
| 2019 | +9.9% | +13.3% | +31.7% |
| 2018 | +18.7% | +10.6% | +62.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grace Home School Academy 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 Home School Academy 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 $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.1%.
Frequently Asked Questions about Grace Home School Academy
Is Grace Home School Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Grace Home School Academy (EIN: 383194117) insufficient data. 0 red flags identified, 0 strengths noted.
How does Grace Home School Academy spend its money?
Detailed spending breakdown data is not yet available for Grace Home School Academy. Check back for updated IRS 990 analysis.
Are donations to Grace Home School Academy tax-deductible?
Grace Home School Academy is registered as a tax-exempt nonprofit (EIN: 383194117). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grace Home School Academy located?
Grace Home School Academy is headquartered in Grandville, Michigan and files with the IRS under EIN 383194117. It is classified under NTEE code B99Z.
How many years of IRS 990 filings does Grace Home School Academy have?
Grace Home School Academy has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $326K in total revenue.
Filing History
IRS 990 filing history for Grace Home School Academy showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Grace Home School Academy's revenue has grown by 190.3%, moving from $107K to $311K. Total assets increased by 423.3% over the same period, from $13K to $68K. Total functional expenses rose by 183.1%, from $112K to $318K. In its most recent filing year (2023), Grace Home School Academy reported a deficit of $7K, with expenses exceeding revenue. The organization holds $1K in liabilities against $68K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $66K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $311K | $318K | $68K | $1K | — | — |
| 2021 | $236K | $232K | $52K | $6K | — | — |
| 2020 | $192K | $217K | $41K | $43 | — | View 990 |
| 2019 | $190K | $174K | $66K | $0 | — | View 990 |
| 2018 | $173K | $154K | $50K | $0 | — | View 990 |
| 2017 | $146K | $139K | $31K | $0 | — | View 990 |
| 2016 | $148K | $141K | $24K | $0 | — | View 990 |
| 2015 | $133K | $125K | $17K | $0 | — | View 990 |
| 2014 | $113K | $108K | $9K | $0 | — | View 990 |
| 2013 | $94K | $98K | $4K | $0 | — | View 990 |
| 2012 | $82K | $87K | $8K | $0 | — | View 990 |
| 2011 | $107K | $112K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $311K, expenses of $318K, and assets of $68K (revenue +31.3% year-over-year).
- 2021: Revenue of $236K, expenses of $232K, and assets of $52K (revenue +23.0% year-over-year).
- 2020: Revenue of $192K, expenses of $217K, and assets of $41K (revenue +1.0% year-over-year).
- 2019: Revenue of $190K, expenses of $174K, and assets of $66K (revenue +9.9% year-over-year).
- 2018: Revenue of $173K, expenses of $154K, and assets of $50K (revenue +18.7% year-over-year).
- 2017: Revenue of $146K, expenses of $139K, and assets of $31K (revenue -1.8% year-over-year).
- 2016: Revenue of $148K, expenses of $141K, and assets of $24K (revenue +11.7% year-over-year).
- 2015: Revenue of $133K, expenses of $125K, and assets of $17K (revenue +17.6% year-over-year).
- 2014: Revenue of $113K, expenses of $108K, and assets of $9K (revenue +20.1% year-over-year).
- 2013: Revenue of $94K, expenses of $98K, and assets of $4K (revenue +15.0% year-over-year).
- 2012: Revenue of $82K, expenses of $87K, and assets of $8K (revenue -23.4% year-over-year).
- 2011: Revenue of $107K, expenses of $112K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace Home School Academy:
Data Sources and Methodology
This transparency report for Grace Home School Academy 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.