Grand Traverse Adult Foster Care Home Inc

Analysis

Grand Traverse Adult Foster Care Home Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in March 1989, 37 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 September 2023, Grand Traverse Adult Foster Care Home Inc reported income of $322k and spending of $275k, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $212k to $322k (+51%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 49%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grand Traverse Adult Foster Care Home Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Peopleworks - NM ($321k), Colfax County Senior Citizens Services ($322k) and Square One de Inc ($321k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $191k. At year end it held assets of $38k against liabilities of $265k, net assets of -$226k. It reported 13 employees.