Grandmas Place Inc

Analysis

Grandmas Place Inc is a registered charity in United States, based in Royal PLM BCH, FL. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Grandmas Place Inc reported income of $1.0m and spending of $905k, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $857k to $1.0m (+22%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grandmas Place Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Compassionate Alliance Inc ($1.0m), Shorefront Jewish Community Council Inc ($1.0m) and Nacogdoches County Aging Committee ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 42% of the total. Other salaries and wages came to $621k. It paid $34k in professional fundraising fees. At year end it held assets of $2.3m against liabilities of $3,565, net assets of $2.3m. It reported 17 employees.