Grand Haven Homes Inc

Analysis

Grand Haven Homes Inc is a registered charity in United States, based in Marion, IA. It received its IRS tax-exemption ruling in July 1979, 47 years ago. 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 June 2024, Grand Haven Homes Inc reported income of $4.0m and spending of $4.0m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.3m to $4.0m (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grand Haven Homes Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IA. Charities of a similar size with the same main cause include Christs Haven for Children ($4.0m), Laguna Food Pantry ($4.0m) and Piedmont Park Conservancy Inc ($4.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $87k (2.2% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $3.1m against liabilities of $260k, net assets of $2.8m. It reported 120 employees.