Bishop Grady Villas

Analysis

Bishop Grady Villas is a registered charity in United States, based in Saint Cloud, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Bishop Grady Villas reported income of $4.5m and spending of $3.8m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.4m to $4.5m (+35%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bishop Grady Villas 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 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Fayette County Child Development Inc ($4.5m), Philanthropy New York Inc ($4.5m) and Community Alternatives Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $8.1m against liabilities of $334k, net assets of $7.8m. It reported 85 employees.