The Grand Foundation Inc

Analysis

The Grand Foundation Inc is a registered charity in United States, based in Grand Island, NE. It received its IRS tax-exemption ruling in December 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, The Grand Foundation Inc reported income of $136k and spending of $153k, spending 112% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $170k to $136k (-20%), an average of -5.5% a year. The sharpest change came in the year to July 2022, when income rose by 231%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Grand Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within NE. Charities of a similar size with the same main cause include Tri Lakes Center for the Arts ($136k), Cross Roads Retreat & Conference Center Inc ($136k) and Asa Foundation ($136k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 12% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $13k (8.5% of expenses). At year end it held assets of $1.3m against liabilities of $8,055, net assets of $1.3m. It reported 1 employees.