Grand Beginnings

Analysis

Grand Beginnings is a registered charity in United States, based in Granby, CO. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Grand Beginnings reported income of $534k and spending of $543k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $407k to $534k (+31%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grand Beginnings sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CO. Charities of a similar size with the same main cause include Roadrunner Child Development Inc ($534k), Montessori School of Ruston Inc ($534k) and College Bridge Cafe Inc ($534k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $79k (15% of expenses). Other salaries and wages came to $156k. At year end it held assets of $565k against liabilities of $16k, net assets of $549k. It reported 7 employees.