Gripp Memorial Youth Foundation Inc

Analysis

Gripp Memorial Youth Foundation Inc is a registered charity in United States, based in Hereford, TX. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gripp Memorial Youth Foundation Inc reported income of $1.4m and spending of $1.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $897k to $1.4m (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 4600%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gripp Memorial Youth Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Veritas Baptist College Inc ($1.4m), University School of the Lowcountry ($1.4m) and Whitney Point Preschool Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 73% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.