GRHS Foundation Inc

Analysis

GRHS Foundation Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, GRHS Foundation Inc reported income of $46.0m and spending of $41.5m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $37.6m to $46.0m (+22%), an average of +5.2% a year. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, GRHS Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Goodwill Industries of the Columbia ($45.8m), Work Services Corporation ($46.1m) and Rural Capital Area Workforce Development Board Inc ($45.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $86k (0.2% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $143.6m against liabilities of $107.8m, net assets of $35.8m. It reported 127 employees.