Grandview Resthome Investment Foundation

Analysis

Grandview Resthome Investment Foundation is a registered charity in United States, based in Grandview, TX. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 August 2023, Grandview Resthome Investment Foundation reported income of $87k and spending of $750, leaving 99% of income unspent that year. Across the 3 years on record, from August 2021 to August 2023, income fell from $377k to $87k (-77%), an average of -52% a year. The sharpest change came in the year to August 2022, when income dropped by 52%. Over the whole period it spent 0.4% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grandview Resthome Investment Foundation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Changing the World Inc ($87k), Gleanings Housing Inc ($87k) and Habitat for Humanity International Inc ($87k).

At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.