Grand Rapids Public Schools Foundat Ion

Analysis

Grand Rapids Public Schools Foundat Ion is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Grand Rapids Public Schools Foundat Ion reported income of $692k and spending of $1.5m, spending 211% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $3.7m to $692k (-81%), an average of -28% a year. The sharpest change came in the year to June 2023, when income dropped by 82%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grand Rapids Public Schools Foundat Ion sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Mindfulness First ($692k), Wildflower Foundation ($692k) and Dot Ngo Charities Inc ($691k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $130k (8.9% of expenses). Other salaries and wages came to $163k. At year end it held assets of $4.0m against liabilities of $59k, net assets of $3.9m. It reported 4 employees.