Granite State Independent Living

Analysis

Granite State Independent Living is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in April 1980, 46 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 September 2023, Granite State Independent Living reported income of $22.3m and spending of $20.8m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $18.5m to $22.3m (+21%), an average of +4.9% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Granite State Independent Living sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within NH. Charities of a similar size with the same main cause include Child Focus Inc ($22.3m), Everas Community Services Inc ($22.4m) and Covenant House California ($22.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $370k (1.8% of expenses). Other salaries and wages came to $15.5m. At year end it held assets of $15.6m against liabilities of $4.9m, net assets of $10.7m. It reported 864 employees.