Grand Central District Association

Analysis

Grand Central District Association is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Grand Central District Association reported income of $176k and spending of $137k, leaving 23% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $126k to $176k (+40%), an average of +40% a year. The sharpest change came in the year to September 2023, when income rose by 40%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grand Central District Association sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Magic Valley Youth Services Inc ($176k), Strategic Justice Initiatives Inc ($177k) and Northern Lights Building Company ($176k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $135k against liabilities of $48k, net assets of $87k.