The Grady Health Foundation Inc

Analysis

The Grady Health Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in November 1994, 32 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, The Grady Health Foundation Inc reported income of $26.2m and spending of $20.6m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.1m to $26.2m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 121% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Grady Health Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include Community Foundation for Palm Beach & Martin Counties Inc ($26.1m), Milwaukee Jewish Federation Inc ($26.3m) and United Way of Broward County ($26.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $1.1m (5.4% of expenses). Other salaries and wages came to $1.0m. It paid $220k in professional fundraising fees. At year end it held assets of $53.8m against liabilities of $2.4m, net assets of $51.4m.