Great Expectations Foundation

Analysis

Great Expectations Foundation is a registered charity in United States, based in Grand Marais, MN. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Great Expectations Foundation reported income of $279k and spending of $69k, leaving 75% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $178k to $279k (+57%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Great Expectations Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Friends of Montessori Foundation ($279k), Fund for Change ($279k) and Waverly-Shell Rock Area United Way Inc ($279k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. At year end it held assets of $1.2m against liabilities of $540k, net assets of $674k.