Grand Street Settlement Inc

Analysis

Grand Street Settlement Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1927, 99 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 June 2023, Grand Street Settlement Inc reported income of $43.6m and spending of $39.7m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.3m to $43.6m (+87%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grand Street Settlement Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Depelchin Childrens Center ($43.6m), Cumberland Rest Home Trinity Terrace ($43.7m) and Way Station Inc ($43.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $604k (1.5% of expenses). Other salaries and wages came to $18.0m. At year end it held assets of $40.9m against liabilities of $13.0m, net assets of $27.9m. It reported 743 employees.