Sanborn Gratiot Memorial Home

Analysis

Sanborn Gratiot Memorial Home is a registered charity in United States, based in Port Huron, MI. It received its IRS tax-exemption ruling in January 1947, 79 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, Sanborn Gratiot Memorial Home reported income of $962k and spending of $847k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $695k to $962k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sanborn Gratiot Memorial Home sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include The Center for Anti-Violence Education Inc ($962k), Hip Society ($962k) and Pushing Boundaries ($962k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% of the total. Other salaries and wages came to $382k. At year end it held assets of $933k against liabilities of $80k, net assets of $853k. It reported 21 employees.