Granger Homestead Society Inc

Analysis

Granger Homestead Society Inc is a registered charity in United States, based in Canandaigua, NY. It received its IRS tax-exemption ruling in July 1949, 77 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 April 2024, Granger Homestead Society Inc reported income of $282k and spending of $451k, spending 160% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income fell from $369k to $282k (-24%), an average of -6.5% a year. The sharpest change came in the year to April 2023, when income rose by 52%. Over the whole period it spent 146% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Granger Homestead Society Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Millbrae Cable Television ($282k), Christian Womens Job Corps of Tyler Inc ($282k) and Rodeo Cinema Foundation ($282k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 60% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $81k (18% of expenses). Other salaries and wages came to $64k. At year end it held assets of $7.2m against liabilities of $17k, net assets of $7.2m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.