Grammys House Artesia Domestic

Analysis

Grammys House Artesia Domestic is a registered charity in United States, based in Artesia, NM. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover human services, 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 June 2023, Grammys House Artesia Domestic reported income of $861k and spending of $726k, spending 84% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $705k to $861k (+22%), an average of +6.9% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grammys House Artesia Domestic sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NM. Charities of a similar size with the same main cause include Fulton County Council on Aging ($861k), Community Giving Tree Inc ($861k) and Nourish Farms Inc ($861k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $109k (15% of expenses). Other salaries and wages came to $348k. At year end it held assets of $2.2m against liabilities of $42k, net assets of $2.1m. It reported 13 employees.