Granbury Square Merchants

Analysis

Granbury Square Merchants is a registered charity in United States, based in Granbury, TX. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Granbury Square Merchants reported income of $222k and spending of $222k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $209k to $222k (+5.8%), an average of +2.9% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Granbury Square Merchants sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Methuen Festival of Trees Inc ($222k), Merced County Historical Society a California Nonprofit Corporation ($222k) and Vineyard Arts Project Limited ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 92% of the total. Other salaries and wages came to $43k. At year end it held assets of $11k against liabilities of $1,644, net assets of $8,925. It reported 2 employees.