Graniteone Health

Analysis

Graniteone Health is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Graniteone Health reported income of $158k and spending of $156k, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.4m to $158k (-95%), an average of -54% a year. The sharpest change came in the year to September 2021, when income rose by 94%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Graniteone Health sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within NH. Charities of a similar size with the same main cause include Endalz Fest Foundation Inc ($158k), Road to Recovery Inc ($158k) and Hohm Partners Inc ($158k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.0m against liabilities of $1.0m, net assets of -$5,880.