Grenada Educational Foundation Inc

Analysis

Grenada Educational Foundation Inc is a registered charity in United States, based in Grenada, MS. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Grenada Educational Foundation Inc reported income of $2.2m and spending of $2.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.2m (+0.9%), an average of +0.2% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grenada Educational Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within MS. Charities of a similar size with the same main cause include Hendrick Hudson Free Library ($2.2m), Heritage Charter Academy Inc ($2.2m) and New Education for the Workplace Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 91% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $2.1m against liabilities of $1.1m, net assets of $996k. It reported 73 employees.