Grove Education Foundation for Excellence Inc

Analysis

Grove Education Foundation for Excellence Inc is a registered charity in United States, based in Grove, OK. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Grove Education Foundation for Excellence Inc reported income of $234k and spending of $134k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $216k to $234k (+8.1%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 196%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Grove Education Foundation for Excellence Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within OK. Charities of a similar size with the same main cause include Family Arts Needlework Shop Inc ($234k), Triveni School of Dance Inc ($234k) and Friends of Shirati ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $2.6m against liabilities of $8,830, net assets of $2.6m.