Grays Harbor College Foundation Inc

Analysis

Grays Harbor College Foundation Inc is a registered charity in United States, based in Aberdeen, WA. It received its IRS tax-exemption ruling in June 1964, 62 years ago. 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 June 2024, Grays Harbor College Foundation Inc reported income of $2.3m and spending of $1.4m, leaving 37% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.9m to $2.3m (+18%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grays Harbor College Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include New Mexico Museum of Natural History Foundation ($2.3m), Boys & Girls Club of Bowling Green Kentucky War Memorial Unit Inc ($2.3m) and Pih Health Management Corp ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $95k. At year end it held assets of $17.2m against liabilities of $1,433, net assets of $17.2m.