Granite House Inc

Analysis

Granite House Inc is a registered charity in United States, based in Stillwater, MN. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Granite House Inc reported income of $577k and spending of $732k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $613k to $577k (-5.9%), an average of -1.5% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Granite House Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Drug Research Group Inc ($576k), Pawnee Mental Health Foundation ($577k) and Quality Living Center Inc ($576k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $69k (9.5% of expenses). Other salaries and wages came to $412k. At year end it held assets of $1.0m against liabilities of $581k, net assets of $455k. It reported 18 employees.