Gruver Farm Scholarship Foundation

Analysis

Gruver Farm Scholarship Foundation is a registered charity in United States, based in Gruver, TX. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Gruver Farm Scholarship Foundation reported income of $549k and spending of $705k, spending 128% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $494k to $549k (+11%), an average of +2.7% a year. The sharpest change came in the year to September 2022, when income rose by 56%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gruver Farm Scholarship Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Communities in Schools of High Point Inc ($549k), St Augustine School Inc ($549k) and Stacks and Joules Inc ($549k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 90% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.