Greater Raleigh Area Christian Education / GRACE Christian School 
The information on this page was last updated 4/15/2026. If you see errors or omissions, please email: [email protected]
Summary
For more than 40 years, GRACE Christian School has educated, equipped and inspired generations of students to impact their world for Christ. We meet students where they are, nurture their God-given abilities and interests, and encourage their growth not only academically - but emotionally, socially and spiritually. We are passionate about ensuring every student at GRACE Christian School is known, valued and loved.
Contact information
Mailing address:
GRACE Christian School
1101 Buck Jones Road
Raleigh, NC 27606
Website: www.gracechristian.net
Phone: (919) 747-2020
Email: [email protected]
Organization details
EIN: 561920605
CEO/President: Eric Bradley
Chairman: Moss Withers
Board size: 8
Founder: Mount Olivet Baptist Church
Ruling year: 1996
Tax deductible: Yes
Fiscal year end: 05/31
Member of ECFA: No
Member of ECFA since:
Purpose
Students at GRACE Christian School will be grounded in God's word and challenged to achieve academic excellence as they prepare to use their gifts and abilities effectively to follow God's plan for their lives.
Mission statement
GRACE Christian School is a loving community that spiritually and academically equips, challenges, and inspires students to impact their world for Christ.
Statement of faith
We believe that the Bible was written by men divinely inspired by the Holy Spirit and is the record of God's revelation of Himself to man. It is the perfect treasure for divine instruction. It has God for its author, salvation for its end, and its contents are without error. It will remain to the end of the world, the true center of Christian union and the supreme standard by which all human conduct, creeds, and religious opinions are tried.
We believe that there is only one living and true God - immortal and invisible. He is an intelligent, spiritual, and personal Being, the Creator, Redeemer, Preserver, and Ruler of the universe. God is infinite, holy and perfect. The eternal God reveals Himself to His people as God the Father, God the Son, and God the Holy Spirit, with distinct personal attributes, but without divisions of nature, essence or being.
We believe that man was created by the special act of God, in His own image, and is the crowning work of His creation. In the beginning, man was innocent of sin and was endowed by his Creator with freedom of choice. By his free choice, man sinned against God and brought sin into the human race. Through the temptation of Satan, man transgressed the command of God and fell from his original innocence; whereby his descendants inherit a nature and an environment inclined toward sin; and as soon as they are capable of moral choice, become transgressors and are under condemnation. Only the grace of God brings man into His holy fellowship and enables man to fulfill the creative purpose of God - "to glorify God and enjoy Him forever".
We believe that God wonderfully and immutably creates each person as male or female. These two distinct, complementary genders together reflect the image and nature of God. (Gen 1:26-27.) Rejection of one's biological sex is a rejection of the image of God within that person. Sex means the biological condition of being male or female as determined at birth.
Notwithstanding any other policy, GRACE restrooms, locker rooms, and showers designated for one sex shall only be used by members of that sex.
We believe that the term "marriage" has only one meaning: the uniting of one man and one woman in a single, exclusive union, as delineated in Scripture. (Gen 2:18-25.) We believe that God intends sexual intimacy to occur only between a man and a woman who are married to each other. (1 Cor 6:18; 7:2-5; Heb 13:4.) We believe that God has commanded that no intimate sexual activity be engaged in outside of a marriage between a man and a woman.
We believe that any form of sexual immorality (including adultery, fornication, homosexual behavior, bisexual conduct, bestiality, incest, and use of pornography) is sinful and offensive to God. (Matt 15:18-20; 1 Cor 6:9-10.) GRACE encourages members of the GRACE community who are struggling with their sexual immorality as described to seek help from their pastor and other trained professionals who might best assist them. Continued inappropriate behavior constitutes a person's failure to adhere to his/her commitment to abide by the behavioral standards established by GRACE which may be cause for removing his/her privilege of membership in the GRACE community.
We believe that in order to preserve the function and integrity of GRACE Christian School as the local Body of Christ, and to provide a biblical role model to the GRACE Christian School faculty, staff, students and the community, it is imperative that all persons employed by GRACE Christian School in any capacity, or who serve as volunteers, agree to and abide by this Statement on Marriage, Gender, and Sexuality. (Matt 5:16; Phil 2:14-16; 1 Thess 5:22.)
We believe that God offers redemption and restoration to all who confess and forsake their sin, seeking His mercy and forgiveness through Jesus Christ. (Acts 3:19-21; Rom 10:9-10; 1 Cor 6:9-11.)
We believe that every person must be afforded compassion, love, kindness, respect, and dignity. (Mark 12:28-31; Luke 6:31.) Hateful and harassing behavior or attitudes directed toward any individual are to be repudiated and are not in accord with Scripture nor the doctrines of GRACE Christian School.
We believe that salvation includes every divine action on behalf of the believer, from deliverance out of his lost estate to his final presentation in glory, conformed to the image of Christ. The believer was saved when he, by grace through faith in Jesus Christ, died to sin and was spiritually born again as a child of God.
Donor confidence score
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Transparency grade
D
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Financial efficiency ratings
Sector: K-12 Schools/Academies
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 887 of 1435 | 152 of 191 |
| Fund acquisition rating | | 860 of 1435 | 131 of 191 |
| Resource allocation rating | | 714 of 1435 | 102 of 191 |
| Asset utilization rating | | 884 of 1436 | 137 of 191 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 19% | 12% | 48% | 34% | 11% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 2% | 4% | 3% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 13% | 11% | 30% | 6% | 5% | 15% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 4% | 4% | 3% | 2% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 87% | 89% | 70% | 94% | 95% | 85% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 83% | 86% | 89% | 89% | 90% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 46% | 79% | 96% | 94% | 90% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 38% | 67% | 85% | 84% | 80% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 54% | 21% | 4% | 6% | 10% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | 53% | 25% | 5% | 6% | 10% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 12% | 10% | 8% | 9% | 9% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.54 | 0.28 | 0.41 | 0.41 | 0.46 | 0.47 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.99 | 1.85 | 3.11 | 4.74 | 3.87 | 4.29 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.80 | 0.52 | 1.27 | 1.92 | 1.78 | 2.00 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 2.80 | 9.39 | 3.46 | 2.08 | 2.18 | 2.61 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.35 | 0.11 | 0.29 | 0.48 | 0.46 | 0.38 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.98 | 20.54 | 6.69 | 3.25 | 3.65 | 3.70 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 29% | 37% | 56% | 61% | 51% | 50% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 26% | 40% | 49% | 36% | 38% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 117% | 221% | 107% | 97% | 108% | 108% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $21,899,096 | $7,388,059 | $4,948,247 | $4,553,257 | $3,711,329 |
| Receivables, inventories, prepaids | $3,312,048 | $2,267,407 | $151,631 | $163,159 | $125,281 |
| Short-term investments | $573,614 | $538,359 | $501,821 | $500,745 | $554,798 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $25,784,758 | $10,193,825 | $5,601,699 | $5,217,161 | $4,391,408 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $14,655,082 | $19,911,350 | $20,205,432 | $14,867,078 | $14,401,119 |
| Other long-term assets | $7,142,601 | $1,617,834 | $739,795 | $130,247 | $63,416 |
| Total long-term assets | $21,797,683 | $21,529,184 | $20,945,227 | $14,997,325 | $14,464,535 |
| Total assets | $47,582,441 | $31,723,009 | $26,546,926 | $20,214,486 | $18,855,943 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $1,707,106 | $1,440,657 | $958,133 | $849,565 | $778,418 |
| Other current liabilities | $1,038,202 | $1,509,251 | $1,730,680 | $1,545,309 | $902,963 |
| Total current liabilities | $2,745,308 | $2,949,908 | $2,688,813 | $2,394,874 | $1,681,381 |
| Debt | $12,530,638 | $12,760,684 | $12,984,370 | $7,202,799 | $7,116,124 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $2,536,717 | $2,072,391 | $392,336 | $625,159 | $600,734 |
| Total long-term liabilities | $15,067,355 | $14,833,075 | $13,376,706 | $7,827,958 | $7,716,858 |
| Total liabilities | $17,812,663 | $17,782,983 | $16,065,519 | $10,222,832 | $9,398,239 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $27,140,451 | $11,465,562 | $10,240,479 | $9,767,078 | $9,155,575 |
| With donor restrictions | $2,629,327 | $2,474,464 | $240,928 | $224,576 | $302,129 |
| Net assets | $29,769,778 | $13,940,026 | $10,481,407 | $9,991,654 | $9,457,704 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $3,158,263 | $4,987,183 | $632,778 | $531,505 | $1,463,334 |
| Program service revenue | $12,838,048 | $11,543,265 | $10,397,460 | $9,050,076 | $7,972,596 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $12,993,741 | ($253,454) | $49,553 | $21,522 | $31,503 |
| Other revenue | $302,633 | $207,691 | $184,496 | $246,866 | $302,252 |
| Total other revenue | $26,134,422 | $11,497,502 | $10,631,509 | $9,318,464 | $8,306,351 |
| Total revenue | $29,292,685 | $16,484,685 | $11,264,287 | $9,849,969 | $9,769,685 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $11,214,430 | $11,107,617 | $9,621,048 | $8,228,147 | $7,862,045 |
| Management and general | $1,648,395 | $1,300,041 | $838,729 | $860,111 | $754,931 |
| Fundraising | $598,778 | $582,046 | $304,949 | $178,782 | $161,948 |
| Total expenses | $13,461,603 | $12,989,704 | $10,764,726 | $9,267,040 | $8,778,924 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $15,831,082 | $3,494,981 | $499,561 | $582,929 | $990,761 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $15,831,082 | $3,494,981 | $499,561 | $582,929 | $990,761 |
Compensation
| Name | Title | Compensation |
| Eric Bradley | Head of School | $212,042 |
| Jennifer Stack | CFO | $125,587 |
Compensation data as of: 5/31/2025
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 4/15/2026. To update the information below, please email: [email protected]
History
https://www.gracechristian.net/about/school-history