Griggs Farm Inc

Analysis

Griggs Farm Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Griggs Farm Inc reported income of $638k and spending of $657k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $568k to $638k (+12%), an average of +2.9% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Griggs Farm Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Belmont Independent Living Inc ($638k), Evangelical Senior Housing ($638k) and Ehc Newton Realty Inc ($638k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.0m against liabilities of $229k, net assets of $777k.

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.