Grand Rapids Early Discovery

Analysis

Grand Rapids Early Discovery is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Rapids Early Discovery reported income of $1.6m and spending of $1.7m, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $858k to $1.6m (+82%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 87%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grand Rapids Early Discovery sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Operation Recovery Inc ($1.6m), Smart Futures ($1.6m) and More Than a Bed ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $65k (3.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $92k against liabilities of $0, net assets of $92k.