Grandmas House-A Vision of Hope

Analysis

Grandmas House-A Vision of Hope is a registered charity in United States, based in Tulare, CA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Grandmas House-A Vision of Hope reported income of $347k and spending of $203k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $192k to $347k (+81%), an average of +81% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 68% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Grandmas House-A Vision of Hope sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Pure Heart Foundation ($347k), New Lenox Girls Softball Associaton ($347k) and Brookline Teen Outreach ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 48% of the total. At year end it held assets of $644k against liabilities of $68k, net assets of $576k.