Grasslands Housing Inc

Analysis

Grasslands Housing Inc is a registered charity in United States, based in Blaine, MN. It received its IRS tax-exemption ruling in August 1980, 46 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, Grasslands Housing Inc reported income of $211k and spending of $263k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $211k (+8.5%), an average of +2.0% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grasslands Housing Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include National Road Safety Foundation Inc ($211k), Tallassee Volunteer Firefighters Association and Fire Company Inc ($211k) and Chinese Reconciliation Project Foundation ($211k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $546k against liabilities of $1.5m, net assets of -$918k.