Grace Schools
Grace Schools reported $103.0 million in revenue and $67.2 million in expenses for the fiscal year ending July 31, 2025. Of every $100 it spent, $84.37 went to program services, $14.30 to management and general costs and $1.33 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 60.7% of the total. The highest compensation it reported for one person was $298,723 (PRESIDENT OF GRACE COLLEGE). 35 people received more than $100,000 in reportable compensation. Revenue rose 102% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending July 31, 2025 · Form 990, Part IX, line 25 · total expenses $67MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending July 31, 2025 · Form 990, Part VIII · total revenue $103MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.3% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 37.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 60.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $298,723 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.44% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 35 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 17.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 24 of 24 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseInstructional programs located on a 180 acre campus with 2 satellite campuses serving approximately 2,000 undergraduate and graduate students in 100+ majors, minors, certificates and graduate programs. Grace offers a 3 year degree program with opportunity to earn a masters degree in the 4th year. Emphasis on a biblical world view and student ownership of personal faith that rightly handles the scriptures as the inerrant and verbally inspired word of god
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT OF GRACE COLLEGE Officer, 40.0 hrs/week | $273,581 | $0 | $25,142 | $298,723 |
| VP ACADEMIC AFFAIRS/PROVOST Highest compensated employee, 40.0 hrs/week | $176,168 | $0 | $9,749 | $185,917 |
| DIRECTOR LCFLS Highest compensated employee, 40.0 hrs/week | $168,158 | $0 | $9,202 | $177,360 |
| DEAN OF ONLINE EDUCATION Highest compensated employee, 40.0 hrs/week | $161,805 | $0 | $10,116 | $171,921 |
| CFO Officer, 40.0 hrs/week | $155,378 | $0 | $9,707 | $165,085 |
| PROF OF ACCOUNTING & FINANCE Highest compensated employee, 40.0 hrs/week | $143,944 | $0 | $8,061 | $152,005 |
| DIRECTOR OF THE CENTER FOR THRIVING LEADERS Highest compensated employee, 40.0 hrs/week | $145,417 | $0 | $6,274 | $151,691 |
35 people received more than $100,000 in reportable compensation from Grace Schools (Part VII, line 2). Compensation of current officers, directors and key employees totaled $464K (Part IX, line 5).
7 filings since FY2020
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b24 · 24 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 51,160
- Volunteers Part I, line 6300
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Sodexo Inc & Affiliates Food service | $3,155,242 |
| Aramark Services Inc Maintenance | $2,483,981 |
| Slingshot LP Book supplier | $966,848 |
| Design Collaborative Construction | $953,908 |
Individuals listed as contractors are left out. 20 contractors were paid more than $100,000 in all.
Private foundation grants it received
10 private foundations reported grants to Grace Schools totaling $1.6M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Grace Schools's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Grace Schools, you can publish a response that is linked from this page.
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Of every $100 Grace Schools spent in FY2025, $84.37 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Holy Family UniversityPhiladelphia, PA · revenue $103M · programs 87.7% · FY2025
- University of Saint JosephWest Hartford, CT · revenue $103M · programs 89.5% · FY2025
- The University of the Virgin IslandsCharlotte Amalie, VI · revenue $103M · programs 11.5% · FY2023
- Saint Francis UniversityLoretto, PA · revenue $104M · programs 85.0% · FY2025
- North Park UniversityChicago, IL · revenue $103M · programs 89.2% · FY2025
Questions people ask
How much of Grace Schools's spending goes to programs?
In the fiscal year ending July 31, 2025, Grace Schools reported that 84.4% of its $67.2 million in expenses went to program services, 14.3% to management and general and 1.3% to fundraising (Form 990, Part IX).
How much does Grace Schools pay its top executive?
The largest total compensation Grace Schools reported for one person in the fiscal year ending July 31, 2025 was $298,723, for the role of PRESIDENT OF GRACE COLLEGE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Grace Schools get its money?
Of $103.0 million in revenue in the fiscal year ending July 31, 2025, 37.1% came from contributions and grants and 60.7% from program service revenue (Form 990, Part VIII).
Is Grace Schools a registered charity?
The IRS lists EIN 35-0868095 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending July 31, 2025, object 202630269349301658 · read the filing · XML
- FY2024 (3 mo.): Form 990 for the 3-month short period ending July 31, 2024, object 202541429349301504 · read the filing
- FY2024: Form 990 for the fiscal year ending April 30, 2024, object 202510649349301026 · read the filing
- FY2023: Form 990 for the fiscal year ending April 30, 2023, object 202343529349300134 · read the filing
- FY2022: Form 990 for the fiscal year ending April 30, 2022, object 202213569349300316 · read the filing
- FY2021: Form 990 for the fiscal year ending April 30, 2021, object 202220129349300932 · read the filing
- FY2020: Form 990 for the fiscal year ending April 30, 2020, object 202130299349300108 · read the filing
All filings for EIN 35-0868095: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.