Granby Homes for Senior Citizens Inc

Analysis

Granby Homes for Senior Citizens Inc is a registered charity in United States, based in Granby, CT. It received its IRS tax-exemption ruling in April 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Granby Homes for Senior Citizens Inc reported income of $573k and spending of $464k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $489k to $573k (+17%), an average of +4.1% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Granby Homes for Senior Citizens Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CT. Charities of a similar size with the same main cause include City Garden Grade School ($573k), Arizona Jewish Historical Society ($574k) and New Earth Inc ($573k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $1.4m against liabilities of $885k, net assets of $492k.