Gravette Community Foundation Inc

Analysis

Gravette Community Foundation Inc is a registered charity in United States, based in Gravette, AR. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Gravette Community Foundation Inc reported income of $86k and spending of $55k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $86k (+0.3%), an average of +0.3% a year. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gravette Community Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within AR. Charities of a similar size with the same main cause include South Shore Neighborhood Development Corporation ($86k), Camp Curtin Learning Community Corporation ($86k) and North Florida Community Development Corporation ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $372k against liabilities of $0, net assets of $372k.