Grapevine Relief and Community Exchange

Analysis

Grapevine Relief and Community Exchange is a registered charity in United States, based in Grapevine, TX. It received its IRS tax-exemption ruling in October 1988, 38 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 2023, Grapevine Relief and Community Exchange reported income of $6.0m and spending of $5.8m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.3m to $6.0m (+13%), an average of +3.1% a year. The sharpest change came in the year to August 2023, when income rose by 17%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grapevine Relief and Community Exchange sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Lifetime Resources Inc ($6.0m), Terrebonne Council on Aging ($6.0m) and Nashua Childrens Home ($6.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $192k (3.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $10.2m against liabilities of $3.4m, net assets of $6.8m. It reported 90 employees.