Myrtle Grove Christian School 
The information on this page was last updated 9/8/2026. If you see errors or omissions, please email: [email protected]
Summary
Our students thrive in a nurturing Christian environment where we offer an excellent academic program
Contact information
Mailing address:
Myrtle Grove Christian School
806 Piner Road
Wilmington, NC 28409
Website: mgcs.org
Phone: (910) 392-2067
Email: [email protected]
Organization details
EIN: 581529912
CEO/President: Michael Noto
Chairman: Paul Blalock
Board size: 9
Founder:
Ruling year: 1984
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Myrtle Grove Christian School's vision is that all students exemplify biblical principles, godly character, and academic skills to be life-long learners and productive citizens as they serve Christ.
Mission statement
Myrtle Grove Christian School's mission is to cultivate students to be well-rooted in faith and learning.
Statement of faith
1. We believe the Bible to be the inspired, the only infallible, authoritative, inerrant Word of God (2 Timothy 3:16, 2 Peter 1:21).
2. We believe there is one God, eternally existent in three persons-Father, Son, and Holy Spirit (Genesis 1:1, Matthew 28:19, John 10:30).
3. We believe in the deity of Christ (John 10:33),
His virgin birth (Isaiah 7:14, Matthew 1:23, Luke 1:35),
His sinless life (Hebrews 4: 15, 7:26), His miracles (John 2:11),
His vicarious and atoning death (1 Corinthians 15:3, Ephesians 1:7, Hebrews 2:9),
His Resurrection (John 11:25, 1 Corinthians 15:4),
His Ascension to the right hand of God (Mark 16:19),
His personal return in power and glory (Acts 1:11, Revelation 19:11).
4. We believe in the absolute necessity of regeneration by the Holy Spirit for salvation because of the exceeding sinfulness of human nature and that men are justified on the single ground of faith in the shed blood of Christ and that only by God's grace and through faith alone are we saved (John 3:16-19, 5:24; Romans 3:23, 5:8-9; Ephesians 2:8-10; Titus 3:5).
5. We believe in the resurrection of both the saved and the lost; they that are saved unto the resurrection of life, and they that are lost unto the resurrection of condemnation (John 5:28-29).
6. We believe in the spiritual unity of believers in our Lord Jesus Christ (Romans 8:9, 1 Corinthians 2:12-13, Galatians 3:26-28).
7. We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life (Romans 8:13-14; 1 Corinthians 3:16, 6:19-20; Ephesians 4:30, 5:18).
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 | | 1162 of 1607 | 215 of 282 |
| Fund acquisition rating | | 1436 of 1608 | 260 of 282 |
| Resource allocation rating | | 1297 of 1608 | 231 of 282 |
| Asset utilization rating | | 276 of 1607 | 42 of 282 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2021 | 2020 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 9% | 60% | 78% | -102% | 48% | 35% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 1% | 3% | 3% | 4% | 3% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 12% | 5% | 4% | -4% | 6% | 9% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 3% | 3% | 4% | 3% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 88% | 95% | 96% | 104% | 94% | 91% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2021 | 2020 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 76% | 76% | 75% | 76% | 75% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 97% | 95% | 104% | 101% | 96% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 73% | 72% | 78% | 77% | 72% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 3% | 5% | -4% | -1% | 4% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | 8% | 12% | -10% | -2% | 9% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 21% | 21% | 21% | 21% | 21% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2021 | 2020 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.55 | 1.22 | 1.08 | 1.12 | 1.20 | 1.37 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.19 | 2.88 | 2.21 | 2.29 | 1.95 | 1.75 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.04 | 3.51 | 2.39 | 2.57 | 2.33 | 2.39 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2021 | 2020 |
Current ratio Current ratio = Total current assets / Total current liabilities | 2.79 | 1.01 | 1.10 | 1.03 | 1.04 | 1.47 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.35 | 0.99 | 0.91 | 0.97 | 0.96 | 0.68 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.44 | 0.03 | 0.47 | 0.13 | 0.21 | 1.60 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2021 | 2020 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 30% | 51% | 55% | 58% | 52% | 39% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 14% | 14% | 16% | 3% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 114% | 40% | 42% | 37% | 40% | 45% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2021 | 2020 |
| Cash | $1,317,821 | $1,738,439 | $1,594,127 | $1,348,866 | $1,202,063 |
| Receivables, inventories, prepaids | $19,732 | $22,096 | $6,469 | $1,200 | $13,200 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,337,553 | $1,760,535 | $1,600,596 | $1,350,066 | $1,215,263 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $2,386,139 | $2,134,353 | $2,063,128 | $1,285,241 | $872,684 |
| Other long-term assets | $129,695 | $0 | $0 | $0 | $37,447 |
| Total long-term assets | $2,515,834 | $2,134,353 | $2,063,128 | $1,285,241 | $910,131 |
| Total assets | $3,853,387 | $3,894,888 | $3,663,724 | $2,635,307 | $2,125,394 |
| Liabilities | 2025 | 2024 | 2023 | 2021 | 2020 |
| Payables and accrued expenses | $509,779 | $479,280 | $442,348 | $364,357 | $336,596 |
| Other current liabilities | $815,619 | $1,115,592 | $1,115,361 | $931,058 | $491,575 |
| Total current liabilities | $1,325,398 | $1,594,872 | $1,557,709 | $1,295,415 | $828,171 |
| Debt | $524,599 | $548,220 | $570,680 | $70,696 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $108,208 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $632,807 | $548,220 | $570,680 | $70,696 | $0 |
| Total liabilities | $1,958,205 | $2,143,092 | $2,128,389 | $1,366,111 | $828,171 |
| Net assets | 2025 | 2024 | 2023 | 2021 | 2020 |
| Without donor restrictions | $1,895,182 | $1,751,796 | $1,535,335 | $1,247,317 | $1,275,346 |
| With donor restrictions | $0 | $0 | $0 | $21,879 | $21,877 |
| Net assets | $1,895,182 | $1,751,796 | $1,535,335 | $1,269,196 | $1,297,223 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2021 | 2020 |
| Total contributions | $253,703 | $179,145 | ($141,385) | $200,125 | $277,854 |
| Program service revenue | $4,537,630 | $4,192,907 | $3,957,675 | $2,920,877 | $2,729,271 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $41,081 | $45,501 | $133,852 | $2,085 | $3,274 |
| Other revenue | $9,184 | $4,980 | $3,085 | $1,152 | $7,500 |
| Total other revenue | $4,587,895 | $4,243,388 | $4,094,612 | $2,924,114 | $2,740,045 |
| Total revenue | $4,841,598 | $4,422,533 | $3,953,227 | $3,124,239 | $3,017,899 |
| Expenses | 2025 | 2024 | 2023 | 2021 | 2020 |
| Program services | $3,553,320 | $3,201,583 | $3,097,623 | $2,398,297 | $2,187,960 |
| Management and general | $993,243 | $864,288 | $865,894 | $656,915 | $615,787 |
| Fundraising | $151,649 | $140,201 | $144,088 | $97,054 | $97,515 |
| Total expenses | $4,698,212 | $4,206,072 | $4,107,605 | $3,152,266 | $2,901,262 |
| Change in net assets | 2025 | 2024 | 2023 | 2021 | 2020 |
| Surplus (deficit) | $143,386 | $216,461 | ($154,378) | ($28,027) | $116,637 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $143,386 | $216,461 | ($154,378) | ($28,027) | $116,637 |
Compensation
| Name | Title | Compensation |
| Michael Noto | Head of School | $105,955 |
Compensation data as of: 6/30/2025
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 9/8/2026. To update the information below, please email: [email protected]