Grandmas Love Inc

Analysis

Grandmas Love Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Grandmas Love Inc reported income of $137k and spending of $153k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $158k to $137k (-14%), an average of -14% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grandmas Love Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Friends of the Astoria Armory ($137k), Patches of Light ($137k) and Western Kenosha Senior Citizens Council Inc ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $44k against liabilities of $13k, net assets of $31k.