Grand Traverse Industries Inc

Analysis

Grand Traverse Industries Inc is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in September 1981, 45 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 September 2023, Grand Traverse Industries Inc reported income of $4.8m and spending of $4.0m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.1m to $4.8m (+16%), an average of +3.9% a year. The sharpest change came in the year to September 2021, when income rose by 47%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grand Traverse Industries Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Breaktime United Inc ($4.8m), Prairie Opportunity Inc ($4.8m) and Grow Southwest Indiana Workforceboard Inc ($4.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 15% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $132k (3.3% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $8.1m against liabilities of $3.0m, net assets of $5.1m. It reported 378 employees.