Grayhawk Classic Residents Foundation

Analysis

Grayhawk Classic Residents Foundation is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in October 2002, 24 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, Grayhawk Classic Residents Foundation reported income of $378k and spending of $226k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $318k to $378k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grayhawk Classic Residents Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within AZ. Charities of a similar size with the same main cause include Frostproof Care Center Inc ($378k), Tip of the Spear Landmine Removal Inc ($378k) and New Life Thrift Store ($378k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $1.3m against liabilities of $1,212, net assets of $1.3m.