Grannys Attic

Analysis

Grannys Attic is a registered charity in United States, based in Hayesville, NC. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grannys Attic reported income of $136k and spending of $140k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $136k (+27%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grannys Attic sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Honore Adversis Foundation ($136k), Recovery Fellowship Ministries Inc ($136k) and Rondout Valley Food Pantry ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.0% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.