Grayson Grand Central Station

Analysis

Grayson Grand Central Station is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Grayson Grand Central Station reported income of $1.7m and spending of $1.8m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $526k to $1.7m (+227%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 238%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grayson Grand Central Station sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include After Gateway Inc ($1.7m), Minnesota Odd Fellows Home Foundation ($1.7m) and Canticle Farm ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $47k (2.6% of expenses). Other salaries and wages came to $81k. At year end it held assets of $1.6m against liabilities of $85k, net assets of $1.6m. It reported 9 employees.