GF Adult Foster Care Homes Inc

Analysis

GF Adult Foster Care Homes Inc is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in July 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, GF Adult Foster Care Homes Inc reported income of $428k and spending of $455k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $412k to $428k (+3.9%), an average of +1.0% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, GF Adult Foster Care Homes Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MI. Charities of a similar size with the same main cause include Little Precious Steps ($428k), Valley Care Community Consortium Inc ($428k) and Amigos Del Hogar de Ancianos Israelita Del Uruguay Inc ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $312k (68% of expenses). At year end it held assets of $27k against liabilities of $0, net assets of $27k. It reported 7 employees.