Grossman Burn Foundation

Analysis

Grossman Burn Foundation is a registered charity in United States, based in Calabasas, CA. It received its IRS tax-exemption ruling in November 2007, 19 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 December 2023, Grossman Burn Foundation reported income of $123k and spending of $243k, spending 197% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $178k to $123k (-31%), an average of -8.7% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grossman Burn Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Jesus Cats ($123k), Project 828 Foundation ($123k) and Comite Comunal de Corcovada Inc ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $416k against liabilities of $540, net assets of $416k.