Grandview Second Corporation

Analysis

Grandview Second Corporation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 1991, 35 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 September 2023, Grandview Second Corporation reported income of $291k and spending of $371k, spending 127% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $253k to $291k (+15%), an average of +3.5% a year. The sharpest change came in the year to September 2021, when income rose by 89%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grandview Second Corporation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 57th percentile within RI. Charities of a similar size with the same main cause include Family Promise of North Idaho Inc ($291k), Garrison Community Development USA ($291k) and HRH Neighborhood Housing Development Fund Company Inc ($291k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $896k against liabilities of $214k, net assets of $682k.