Gran Signora Development Corp

Analysis

Gran Signora Development Corp is a registered charity in United States, based in Ashtatabula, OH. It received its IRS tax-exemption ruling in June 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gran Signora Development Corp reported income of $427k and spending of $388k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $427k (+12%), an average of +2.8% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gran Signora Development Corp sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Central Florida Inc ($427k), Community Resources Council of Shawnee County Kansas Inc ($427k) and Tompkins County Senior Citizens Council Inc ($427k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. Other salaries and wages came to $61k. At year end it held assets of $424k against liabilities of $1.3m, net assets of -$866k.