Greater Grand Island Community Foundation

Analysis

Greater Grand Island Community Foundation is a registered charity in United States, based in Grand Island, NE. It received its IRS tax-exemption ruling in July 1964, 62 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Greater Grand Island Community Foundation reported income of $3.7m and spending of $2.5m, leaving 34% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $5.7m to $3.7m (-34%), an average of -8.0% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Grand Island Community Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within NE. Charities of a similar size with the same main cause include Crawford Heritage Community Foundation ($3.7m), Chinatown Health Clinic Foundation Inc ($3.7m) and Passavant Hospital Foundation ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $149k (6.0% of expenses). Other salaries and wages came to $127k. At year end it held assets of $29.6m against liabilities of $3.8m, net assets of $25.8m. It reported 7 employees.