Granville Education Foundation Inc

Analysis

Granville Education Foundation Inc is a registered charity in United States, based in Oxford, NC. It received its IRS tax-exemption ruling in February 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Granville Education Foundation Inc reported income of $255k and spending of $307k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $223k to $255k (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 275%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Granville Education Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Get on the Bus ($255k), Big Brothers - Big Sisters of York County Inc ($255k) and New York Legislative Service Inc ($255k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% of the total. Other salaries and wages came to $48k. At year end it held assets of $3.0m against liabilities of $758, net assets of $3.0m. It reported 1 employees.