Granby Community Fund Inc

Analysis

Granby Community Fund Inc is a registered charity in United States, based in Granby, CT. It received its IRS tax-exemption ruling in April 1962, 64 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Granby Community Fund Inc reported income of $53k and spending of $28k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $57k to $53k (-7.5%), an average of -7.5% a year. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Granby Community Fund Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within CT. Charities of a similar size with the same main cause include Driving Out Cancer Inc ($53k), Colorado Business Development Foundation ($53k) and Apff Charitable Fund Inc ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.