Grace Church School
90% goes to programs $31 to raise $100 Growing revenue
Grace Church School is a 501(c)(3) organization based in New York, New York, registered in 2006, with $62,693,023 in FY2024 revenue. CharityIndex grades it B+, and it directs about 90% of spending to programs.
86 4th Ave, New York, NY, 10003 EIN 11-3752853 Since 2006
Revenue (FY2024)
$62.7M
▲ 8.7% vs prior year
Education median: $200K
Expenses (FY2024)
$64.6M
Net assets
$27.3M
Employees
405
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating90% to programs · $31 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Grace Church School: 90% to programs · $31 to raise $100 earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating5 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Grace Church School: 5 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Grace Church School: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Grace Church School: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide edu. for children rooted in intellectual excellence and ethical virtue.
Contact & location
- Address
- 86 4th Ave, New York, NY, 10003
- City
- New York
- State
- New York
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $24.4M (FY2013) to $62.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $163.3MNet assets $27.3M
Operating margin
-3.0%
Spent more than it raised in the latest fiscal year.
Total assets
$190.6M
Total liabilities
$163.3M
Net assets
$27.3M
Salaries & benefits
$33.5M
52% of expenses
Board members
28
27 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $62,693,023▲8.7% | $64,601,992▲5.2% | $27,277,521▲5.0% | $190,596,319▲0.5% | 990 |
| 2023 | $57,673,315▲4.2% | $61,387,744▲3.6% | $25,988,562▲4.0% | $189,590,592▼0.7% | 990 |
| 2022 | $55,367,637▲5.2% | $59,239,173▲1.4% | $24,999,283▼3.2% | $190,844,537▲69.5% | 990 |
| 2021 | $52,609,035▲0.3% | $58,406,413▼2.8% | $25,815,070▼28.6% | $112,611,792▼9.4% | 990 |
| 2020 | $52,477,666▼0.3% | $60,058,893▲14.1% | $36,156,291▼2.6% | $124,238,513▲4.0% | 990 |
| 2019 | $52,632,889▲9.7% | $52,624,045▲9.9% | $37,111,605▼5.1% | $119,486,051▼1.5% | 990 |
| 2018 | $47,989,239▼4.0% | $47,884,844▲7.7% | $39,124,013▲0.2% | $121,293,003▲3.0% | 990 |
| 2017 | $50,002,574▲18.9% | $44,480,885▲5.0% | $39,059,895▲14.2% | $117,814,225▲14.3% | 990 |
| 2016 | $42,067,256▲7.7% | $42,350,577▲7.0% | $34,193,403▲0.3% | $103,115,653▲2.8% | 990 |
| 2015 | $39,068,372▲15.6% | $39,596,603▲11.9% | $34,106,684▼10.5% | $100,349,531▼0.8% | 990 |
| 2014 | $33,782,799▲38.7% | $35,399,492▲25.5% | $38,116,587▲341% | $101,182,841▲72.6% | 990 |
| 2013 | $24,365,097 | $28,208,603▲6.5% | -$15,794,014▼158% | $58,629,084▲4.8% | 990 |
| 2012 | — | $26,484,971 | -$6,115,239 | $55,944,256 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Robert Pennoyer — $585,622 (0.91% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert Pennoyer | Head of School | 40 | $585,622 |
| Susan Austin | Chief Financial Officer | 40 | $308,583 |
| Elizabeth Levay | Director of Advancement | 40 | $282,355 |
| George Davison | Head of School (former) | 0 | $281,455 |
| Melanie White | Director of College Guidance | 40 | $261,057 |
| Lorry Perry | Head of High School | 40 | $250,193 |
| Saara Mahjouri | Assistant Head of School | 40 | $233,191 |
| Kim Chaloner | Dean of Faculty | 40 | $209,559 |
| Elsa Hepner | Head of the Middle School | 40 | $207,364 |
| Alan Reagan | Trustee | 1 | — |
| Avani Mehta Sood | Trustee | 1 | — |
| Camille Orme | Trustee | 1 | — |
| Damian Zunino | Trustee | 1 | — |
| Dominique Schulte | Secretary | 1 | — |
| Donna Garban | Trustee | 1 | — |
| Douglas Armer | Trustee | 1 | — |
| Elizabeth Kipp-giusti | Trustee | 1 | — |
| Felicia Wilks | Trustee | 1 | — |
| George Majoros | Vice Chair & Treasurer | 1 | — |
| Greg Gushee | Vice Chair | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| B & S Cleaning Services | Cleaning Services | $315,528 |
| Schulte Roth & Zabel LLP | Legal Services | $159,584 |
Grants received · $10.0M total
98 grants to Grace Church School totaling $10.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is Grace Church School a legitimate nonprofit?
- Yes. Grace Church School is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 11-3752853, based in New York, New York. Donations are tax-deductible.
- What is Grace Church School's EIN?
- Grace Church School's Employer Identification Number (EIN) is 11-3752853.
- How much revenue does Grace Church School report?
- Grace Church School reported $62,693,023 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Grace Church School's spending goes to programs?
- Grace Church School spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Grace Church School have?
- CharityIndex grades Grace Church School B+, based on program efficiency and fundraising cost.
- How much does Grace Church School's highest-paid employee make?
- The highest reported compensation on Grace Church School's latest Form 990 is $585,622, paid to Robert Pennoyer (Head of School).
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Data for Grace Church School (EIN 11-3752853) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.