Granite Gives Back Inc

Analysis

Granite Gives Back Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Granite Gives Back Inc reported income of $70k and spending of $77k, spending 110% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $230k to $70k (-70%), an average of -45% a year. The sharpest change came in the year to December 2022, when income dropped by 69%. Over the whole period it spent 109% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Granite Gives Back Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Arnold Dwight England Foundation ($70k), Scott Coopersmith Stroke Awareness Foundation ($70k) and Schenectady City School District Educational Foundation Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $166k against liabilities of $0, net assets of $166k.