Grimes Storehouse Inc

Analysis

Grimes Storehouse Inc is a registered charity in United States, based in Grimes, IA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Grimes Storehouse Inc reported income of $113k and spending of $90k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $113k (-11%), an average of -11% a year. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grimes Storehouse Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within IA. Charities of a similar size with the same main cause include Pregnancy Care & Hope Center ($113k), Concord Grape Belt Heritage Association Inc ($113k) and Eastern Indiana Regional Planning Commission Inc ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $380k against liabilities of $0, net assets of $380k.