Greater Grace Charter Academy
EIN: 274841725 · Vacherie, LA · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.4M |
| Net Assets | $64K |
Is Greater Grace Charter Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greater Grace Charter Academy
Greater Grace Charter Academy (EIN: 274841725) is a nonprofit organization based in Vacherie, LA, classified under NTEE code B20. The organization reported total revenue of $1.4M and total assets of $346K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Grace Charter Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Grace Charter Academy is a mid-size nonprofit that has been operating for 12 years, with 6 years of IRS 990 filings on record (2015–2020). Revenue has grown at a compound annual rate of 146.9%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-47,353 |
| Total Assets | $346K |
| Total Liabilities | $282K |
| Net Assets | $64K |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 81.5% |
| Months of Reserves | 2.9 months |
Financial Health Grade: D
In 2020, Greater Grace Charter Academy reported a deficit of $47K with expenses exceeding revenue, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 81.5% (high leverage).
Financial Trends
Over 6 years of filings (2015–2020), Greater Grace Charter Academy's revenue has grown at a compound annual growth rate (CAGR) of 146.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +2.6% | +5.9% | -5.8% |
| 2019 | -9.3% | -3.1% | -24.7% |
| 2018 | +85.3% | +127.2% | +8.8% |
| 2017 | +25.3% | -10.2% | -4.3% |
| 2016 | +4148.9% | +4437.6% | +46915700.0% |
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 Greater Grace Charter 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 Greater Grace Charter 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 81.5%.
Frequently Asked Questions about Greater Grace Charter Academy
Is Greater Grace Charter Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Grace Charter Academy (EIN: 274841725) insufficient data. 0 red flags identified, 0 strengths noted.
How does Greater Grace Charter Academy spend its money?
Detailed spending breakdown data is not yet available for Greater Grace Charter Academy. Check back for updated IRS 990 analysis.
Are donations to Greater Grace Charter Academy tax-deductible?
Greater Grace Charter Academy is registered as a tax-exempt nonprofit (EIN: 274841725). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greater Grace Charter Academy located?
Greater Grace Charter Academy is headquartered in Vacherie, Louisiana and files with the IRS under EIN 274841725. It is classified under NTEE code B20.
How many years of IRS 990 filings does Greater Grace Charter Academy have?
Greater Grace Charter Academy has 6 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Greater Grace Charter Academy showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2015–2020), Greater Grace Charter Academy's revenue has grown by 9079.9%, moving from $15K to $1.4M. Total assets increased by 34620100% over the same period, from $1 to $346K. Total functional expenses rose by 9395.6%, from $15K to $1.4M. In its most recent filing year (2020), Greater Grace Charter Academy reported a deficit of $47K, with expenses exceeding revenue. The organization holds $282K in liabilities against $346K in assets (debt-to-asset ratio: 81.5%), resulting in net assets of $64K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $1.4M | $1.4M | $346K | $282K | — | View 990 |
| 2019 | $1.3M | $1.3M | $368K | $251K | — | View 990 |
| 2018 | $1.5M | $1.4M | $488K | $369K | — | View 990 |
| 2017 | $798K | $611K | $449K | $420K | — | View 990 |
| 2016 | $637K | $681K | $469K | $632K | — | View 990 |
| 2015 | $15K | $15K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $346K (revenue +2.6% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $368K (revenue -9.3% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.4M, and assets of $488K (revenue +85.3% year-over-year).
- 2017: Revenue of $798K, expenses of $611K, and assets of $449K (revenue +25.3% year-over-year).
- 2016: Revenue of $637K, expenses of $681K, and assets of $469K (revenue +4148.9% year-over-year).
- 2015: Revenue of $15K, expenses of $15K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Grace Charter Academy:
Data Sources and Methodology
This transparency report for Greater Grace Charter 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.