Granary Foundation

Analysis

Granary Foundation is a registered charity in United States, based in Lyons, NE. It received its IRS tax-exemption ruling in February 1997, 29 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Granary Foundation reported income of $392k and spending of $356k, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $482k to $392k (-19%), an average of -5.1% a year. The sharpest change came in the year to August 2020, when income dropped by 37%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Granary Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NE. Charities of a similar size with the same main cause include Langlade County Economic Development Corporation ($392k), Cents Ability Inc ($392k) and Centro Nueva Creacion-New Creation ($391k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 22% of the total. Other salaries and wages came to $12k. At year end it held assets of $8.1m against liabilities of $91k, net assets of $8.0m.