Granite Ridge

Analysis

Granite Ridge is a registered charity in United States, based in Creston, CA. It received its IRS tax-exemption ruling in September 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Granite Ridge reported income of $611k and spending of $623k, spending 102% of its income. Across the 2 years on record, from December 2021 to December 2023, income grew from $562k to $611k (+8.7%), an average of +8.7% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Granite Ridge sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Hope Extended Inc ($611k), Endowment for Federation ($611k) and Hartley House ($610k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $106k (17% of expenses). Other salaries and wages came to $189k. At year end it held assets of $250k against liabilities of $29k, net assets of $221k.