Grayson County College Foundation Inc

Analysis

Grayson County College Foundation Inc is a registered charity in United States, based in Denison, TX. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Grayson County College Foundation Inc reported income of $1.7m and spending of $627k, leaving 63% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.3m to $1.7m (-28%), an average of -8.0% a year. The sharpest change came in the year to August 2022, when income rose by 80%. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grayson County College Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Concord Free Public Library Corporation ($1.7m), Florida Debate Initiative Inc ($1.7m) and Alachua Learning Center Inc ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $20.3m against liabilities of $494, net assets of $20.3m.