Groffdale Financial of New York Inc

Analysis

Groffdale Financial of New York Inc is a registered charity in United States, based in Dundee, NY. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 July 2024, Groffdale Financial of New York Inc reported income of $312k and spending of $296k, spending 95% of its income. Across the 4 years on record, from July 2021 to July 2024, income grew from $30k to $312k (+956%), an average of +119% a year. The sharpest change came in the year to July 2023, when income rose by 165%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Groffdale Financial of New York 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 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Conexion Training Inc ($311k), Center for Early African Christianity Inc ($312k) and Tanaka ($311k).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2,647 (0.9% of expenses). At year end it held assets of $7.3m against liabilities of $7.0m, net assets of $244k.