Grumpy Old Men Inc

Analysis

Grumpy Old Men Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Grumpy Old Men Inc reported income of $232k and spending of $235k, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $298k to $232k (-22%), an average of -4.9% a year. The sharpest change came in the year to December 2021, when income dropped by 18%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grumpy Old Men Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within KS. Charities of a similar size with the same main cause include Caring Hearts and Hands of Columbia ($232k), Chicago Chinatown Community Foundation ($232k) and Eastern Pa Trans Equity Project Inc ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,167 against liabilities of $3,000, net assets of $4,167.