The Maurice C LA Grua Center Inc

Analysis

The Maurice C LA Grua Center Inc is a registered charity in United States, based in Stonington, CT. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, The Maurice C LA Grua Center Inc reported income of $357k and spending of $338k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $236k to $357k (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Maurice C LA Grua Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include Worcester Public Library Foundation ($356k), Bridge to Hope Inc ($357k) and Aspire India Inc ($356k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 18% of the total. Other salaries and wages came to $127k. At year end it held assets of $877k against liabilities of $1,983, net assets of $875k. It reported 2 employees.