Derek Griffitts Foundation

Analysis

Derek Griffitts Foundation is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Derek Griffitts Foundation reported income of $55k and spending of $46k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $55k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Derek Griffitts Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include D118 Band Boosters Inc ($55k), Fort Fairfield Educational Fund ($55k) and Texas Executive Women ($55k).

At year end it held assets of $16k against liabilities of $0, net assets of $16k.