The Grandmother Collective Inc

Analysis

The Grandmother Collective Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2024, The Grandmother Collective Inc reported income of $182k and spending of $168k, spending 92% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $356k to $182k (-49%), an average of -28% a year. The sharpest change came in the year to June 2024, when income rose by 143%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Grandmother Collective Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Finney County Inc ($182k), Central Minnesota Libraries Exchange ($182k) and Pasadena Meals on Wheels Inc ($182k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $81k (48% of expenses). Other salaries and wages came to $26k. At year end it held assets of $283k against liabilities of $908, net assets of $283k. It reported 2 employees.