Grasonville Community Center Inc

Analysis

Grasonville Community Center Inc is a registered charity in United States, based in Grasonville, MD. It received its IRS tax-exemption ruling in September 1986, 40 years ago. 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, Grasonville Community Center Inc reported income of $56k and spending of $65k, spending 116% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $25k to $56k (+120%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grasonville Community Center Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within MD. Charities of a similar size with the same main cause include Canonsburg July Fourth Celebration Inc ($56k), Brownsville International Seafarer Center ($56k) and PTA North Carolina Congress ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $185k against liabilities of $0, net assets of $185k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.