Gramatan Village Inc

Analysis

Gramatan Village Inc is a registered charity in United States, based in Bronxville, NY. It received its IRS tax-exemption ruling in June 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Gramatan Village Inc reported income of $218k and spending of $214k, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $249k to $218k (-12%), an average of -2.6% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gramatan Village Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Progressive Change Community Development Corp ($218k), Greater Bethel Community Development Corporation ($218k) and East Brooklyn District Management Association Inc ($218k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $75k (35% of expenses). Other salaries and wages came to $33k. At year end it held assets of $1.2m against liabilities of $52k, net assets of $1.2m. It reported 4 employees.