Grand Avenue Club Inc

Analysis

Grand Avenue Club Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 1992, 34 years ago. 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, Grand Avenue Club Inc reported income of $1.5m and spending of $1.2m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grand Avenue Club Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include United Way of Greater Lima Inc ($1.5m), Pathway Living Center Inc ($1.5m) and Advanced Housing Alternatives Corporation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $95k (7.9% of expenses). Other salaries and wages came to $466k. At year end it held assets of $4.1m against liabilities of $13k, net assets of $4.1m. It reported 52 employees.