Grosse Pointe Woods Foundation

Analysis

Grosse Pointe Woods Foundation is a registered charity in United States, based in Grosse Pt FRM, MI. It received its IRS tax-exemption ruling in January 2009, 17 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 December 2023, Grosse Pointe Woods Foundation reported income of $82k and spending of $141k, spending 172% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $158k to $82k (-48%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Grosse Pointe Woods Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within MI. Charities of a similar size with the same main cause include Miss Kentucky Scholarship Foundation Inc ($82k), Caraway Foundation ($82k) and PRS Holdings Foundation ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.