Grace Covenant Academy
Frisco, Texas
B+Health Score
70B+
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Good
How This Organization Compares
Compared to 4 peers in Education with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
This Org0.12×
Peer Median20.77×
💰
$1.4M
Total Revenue
📊
$1.4M
Total Expenses
🏦
$163K
Net Assets
📋
$24K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
+23.9%
Year-over-year change (2022 → 2023)
Net Margin
+2.2%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.12
Net assets divided by total expenses
Liabilities-to-Assets
12.7%
Total liabilities as % of total assets
Filing History
12 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $1,412,689↑24% | $1,382,212↑34% | $186,888↑21% | |
| 2022 | $1,140,162↑26% | $1,032,340↑23% | $154,195↑2% | — |
| 2021 | $905,888↑5% | $839,587↓1% | $151,771↓15% | — |
| 2020 | $861,875 | $847,987 | $179,258↓14% | — |
| 2019 | $862,031↑48% | $851,115↑50% | $207,654↑366% | — |
| 2017 | $582,731↑37% | $568,967↑31% | $44,525↑95% | — |
| 2016 | $426,056↑11% | $434,808↑19% | $22,810↓28% | — |
| 2015 | $384,373↑67% | $366,230↑55% | $31,562↑694% | — |
| 2013 | $230,426↓5% | $235,602↓3% | $3,973↑38% | — |
| 2012 | $242,181↑46% | $242,507↑50% | $2,882↓59% | — |
| 2011 | $165,945↑306% | $161,504↑264% | $7,083↑123% | — |
| 2010 | $40,865 | $44,419 | $3,173 | — |
Frequently Asked Questions
What does Grace Covenant Academy do?▼
Grace Covenant Academy is a education nonprofit organization based in Texas. It is classified under NTEE code B20 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Grace Covenant Academy financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Grace Covenant Academy.
How much revenue does Grace Covenant Academy generate?▼
Grace Covenant Academy reports $1.4M in annual revenue and holds $124K in total assets, based on IRS filings.