Grays Harbor Community Foundation

Analysis

Grays Harbor Community Foundation is a registered charity in United States, based in Hoquiam, WA. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Grays Harbor Community Foundation reported income of $1.6m and spending of $4.0m, spending 256% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $1.6m (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 77%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Grays Harbor Community Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WA. Charities of a similar size with the same main cause include Everyone Can Help Inc ($1.6m), Judy & Bernard Briskin Family Foundation ($1.6m) and Scwa Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. Compensation of current officers, directors and key employees was $166k (4.1% of expenses). Other salaries and wages came to $252k. At year end it held assets of $84.4m against liabilities of $73k, net assets of $84.3m. It reported 5 employees.