Great River Homes Inc

Analysis

Great River Homes Inc is a registered charity in United States, based in Wabasha, MN. It received its IRS tax-exemption ruling in October 1976, 50 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 June 2024, Great River Homes Inc reported income of $5.7m and spending of $5.0m, spending 87% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $4.4m to $5.7m (+32%), an average of +9.7% a year. The sharpest change came in the year to June 2024, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Great River Homes Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Easter Seals Southeast Wisconsin Inc ($5.7m), Center for Strategic and Budgetary Assessments ($5.8m) and Concho Valley Community Action Agency ($5.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.6% and program service revenue 97% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $7.1m against liabilities of $354k, net assets of $6.8m. It reported 106 employees.