Lake Granbury Inter Church Agency Inc

Analysis

Lake Granbury Inter Church Agency Inc is a registered charity in United States, based in Granbury, TX. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2024, Lake Granbury Inter Church Agency Inc reported income of $242k and spending of $349k, spending 144% of what it took in. Across the 5 years on record, from August 2020 to August 2024, income grew from $166k to $242k (+46%), an average of +9.9% a year. The sharpest change came in the year to August 2024, when income rose by 31%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Granbury Inter Church Agency Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Miami Bethany Community Service Inc ($242k), Community Lifestyle ($242k) and New Dimensions Community Services ($242k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $559k against liabilities of $1,420, net assets of $558k.