Grayson County Welfare Board Inc

Analysis

Grayson County Welfare Board Inc is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in March 2006, 20 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 December 2023, Grayson County Welfare Board Inc reported income of $57k and spending of $80k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $96k to $57k (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grayson County Welfare Board Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Keep It Moving Incorporated ($57k), Vega Foundation ($57k) and Ebensburg Main Street Partnership ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $145k against liabilities of $0, net assets of $145k.