Grant Road Holdings Inc

Analysis

Grant Road Holdings Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grant Road Holdings Inc reported income of $97k and spending of $432k, spending 445% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $645k to $97k (-85%), an average of -61% a year. The sharpest change came in the year to December 2022, when income dropped by 85%. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grant Road Holdings Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within AZ. Charities of a similar size with the same main cause include Rockflower Partners Inc ($97k), Basic Necessities ($97k) and Heartwork Foundation ($97k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $15.4m against liabilities of $15.5m, net assets of -$169k.