Grand Penn Community Alliance Inc

Analysis

Grand Penn Community Alliance Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2024, 2 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Grand Penn Community Alliance Inc reported income of $1.3m and spending of $907k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.2m to $1.3m (+4.4%), an average of +4.4% a year. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grand Penn Community Alliance Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Tabernacle Community Development ($1.3m), Tampa Area Electrical Joint Apprenticeship & Training Fund ($1.3m) and Bicycle Federation of Wisconsin Educational Foundation Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $547k against liabilities of $0, net assets of $547k.