Grandview Resthome Association Inc

Analysis

Grandview Resthome Association Inc is a registered charity in United States, based in Grandview, TX. It received its IRS tax-exemption ruling in February 1982, 44 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 August 2023, Grandview Resthome Association Inc reported income of $5.8m and spending of $5.9m, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.1m to $5.8m (+16%), an average of +3.7% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grandview Resthome Association Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Gottesman RTW Academy ($5.8m), Arc Northland ($5.8m) and Central Texas Christian School Inc ($5.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Other salaries and wages came to $4.0m. At year end it held assets of $2.1m against liabilities of $333k, net assets of $1.8m. It reported 129 employees.