Grand Itasca Foundation

Analysis

Grand Itasca Foundation is a registered charity in United States, based in Grand Rapids, MN. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grand Itasca Foundation reported income of $229k and spending of $203k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $735k to $229k (-69%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 56%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Grand Itasca Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include Mothers for Awareness and Prevention of Drug Abuse Mapda ($229k), Healthworks Community Fitness Inc ($229k) and Life Resources of Georgia Inc ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $1.8m against liabilities of $262k, net assets of $1.5m.