Grand Rapids Initiative for Leaders

Analysis

Grand Rapids Initiative for Leaders is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 August 2023, Grand Rapids Initiative for Leaders reported income of $239k and spending of $253k, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $218k to $239k (+9.2%), an average of +2.2% a year. The sharpest change came in the year to August 2021, when income dropped by 24%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grand Rapids Initiative for Leaders sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include First Restoration Church of Georgia Assembly of God Inc ($238k), Wingspan Foundation Inc ($239k) and Ministry in Mission ($238k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 75% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $121k (48% of expenses). At year end it held assets of $233k against liabilities of $35k, net assets of $198k. It reported 2 employees.