Grace Lutheran Preschool & Kindergarten is a 501(c)(3) organization based in Corona, California, registered in 1941, with $516,985 in FY2023 revenue. CharityIndex grades it C+.
Revenue (FY2023)
$517K
▲ 0.7% vs prior year
Education median: $200K
Expenses (FY2023)
$498K
Net assets
$24K
Employees
—
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. Not scored for Grace Lutheran Preschool & Kindergarten— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Lutheran Preschool & Kindergarten: 1 mo reserves · +4% margin earns a C+ on this criterion. See the exact thresholds →
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. Not scored for Grace Lutheran Preschool & Kindergarten— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Lutheran Preschool & Kindergarten: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $332K (FY2016) to $517K (FY2023) across 8 reported years.
Financial snapshot
Operating margin
3.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$24K
Total liabilities
$0
Net assets
$24K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $516,985▲0.7% | $498,380▼3.3% | $24,027▲343% | $24,027▲343% | 990 |
| 2022 | $513,225▲6.1% | $515,460▲6.3% | $5,422▼29.2% | $5,422▼29.2% | 990 |
| 2021 | $483,614▲17.1% | $485,000▲14.4% | $7,657▼15.3% | $7,657▼15.3% | 990 |
| 2020 | $413,010▲18.7% | $423,903▲9.6% | $9,043▲139% | $9,043▼54.6% | 990 |
| 2019 | $347,903▼10.1% | $386,753▲0.8% | -$22,916▼244% | $19,936▲25.1% | 990 |
| 2018 | $386,820▲1.3% | $383,675▲0.2% | $15,934▲24.6% | $15,934▲24.6% | 990 |
| 2017 | $381,872▲15.0% | $383,068▲17.1% | $12,789▼8.6% | $12,789▼8.6% | 990 |
| 2016 | $332,191 | $327,244 | $13,985 | $13,985 | 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.
2 grants to Grace Lutheran Preschool & Kindergarten totaling $34K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Central Pennsylvania Scholarship Fund | Pennsylvania eitc scholarships | 2024 | $17,500 |
| Central Pennsylvania Scholarship Fund | Pennsylvania eitc scholarships | 2023 | $16,500 |
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Data for Grace Lutheran Preschool & Kindergarten (EIN 46-1584415) 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.