Grand Street Northwest Inc

Analysis

Grand Street Northwest Inc is a registered charity in United States, based in Garden City, NY. It received its IRS tax-exemption ruling in February 2016, 10 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 Street Northwest Inc reported income of $9.6m and spending of $3.8m, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.6m to $9.6m (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2022, when income rose by 422%. Over the whole period it spent 31% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grand Street Northwest Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Earth Advantage Inc ($9.6m), Avalon Nonprofit Housing Corp ($9.6m) and Gilman Housing Trust Inc ($9.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 32% of the total. At year end it held assets of $126.4m against liabilities of $14.6m, net assets of $111.8m.