Grandview Care Foundation Inc

Analysis

Grandview Care Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 2021, 5 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grandview Care Foundation Inc reported income of $147k and spending of $956k, spending 651% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $71.6m to $147k (-100%), an average of -87% a year. The sharpest change came in the year to December 2022, when income dropped by 110595%. Over the whole period it spent 5.7% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Grandview Care Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within KY. Charities of a similar size with the same main cause include American Initiative for Health and Wellness in Africa Inc ($147k), Bluebonnet Society of Bellville ($147k) and National Federation Foundation ($147k).

At year end it held assets of $71.8m against liabilities of $0, net assets of $71.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.