Grosse Ile Educational Foundation Inc

Analysis

Grosse Ile Educational Foundation Inc is a registered charity in United States, based in Grosse Ile, MI. It received its IRS tax-exemption ruling in December 1995, 31 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 December 2023, Grosse Ile Educational Foundation Inc reported income of $238k and spending of $155k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $188k to $238k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 45% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grosse Ile Educational Foundation 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 57th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include Hermosa Valley View PTO ($238k), Bobcat Swim Club Parents Association ($238k) and Friends of the Jeff Davis County Library ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.