Grand View Apartments Inc

Analysis

Grand View Apartments Inc is a registered charity in United States, based in Gowrie, IA. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 View Apartments Inc reported income of $258k and spending of $273k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $190k to $258k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grand View Apartments Inc 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 59th percentile, and in the 60th percentile within IA. Charities of a similar size with the same main cause include Cascadia Clusters ($258k), St Paul Housing Corp ($259k) and Habitat for Humanity International ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $127k against liabilities of $0, net assets of $127k.