Groff Family Memorial Trust

Analysis

Groff Family Memorial Trust is a registered charity in United States, based in Bala Cynwyd, PA. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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, Groff Family Memorial Trust reported income of $70k and spending of $73k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $78k to $70k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Groff Family Memorial Trust sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within PA. Charities of a similar size with the same main cause include The G Harold Antrim Elementary School Parent Teacher Organization ($70k), Volunteers of America Inc ($70k) and Rush Creek Elementary PTO ($70k).

At year end it held assets of $722k against liabilities of $0, net assets of $722k.

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.