Grand Tots Inc

Analysis

Grand Tots Inc is a registered charity in United States, based in Cedar Lake, IN. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Grand Tots Inc reported income of $545k and spending of $618k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $460k to $545k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grand Tots Inc 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 72nd percentile, and in the 71st percentile within IN. Charities of a similar size with the same main cause include Ageless Aviation Dreams Foundation Inc ($545k), Creative World Art Center ($546k) and Conexion Latina Newport ($545k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $246k (40% of expenses). Other salaries and wages came to $179k. At year end it held assets of $249k against liabilities of -$13k, net assets of $261k. It reported 21 employees.