Grove Bay Foundation Inc

Analysis

Grove Bay Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Grove Bay Foundation Inc reported income of $60k and spending of $58k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $60k to $60k (-0.2%), an average of -0.2% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grove Bay Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 27th percentile within FL. Charities of a similar size with the same main cause include Preschool Learning Center Inc ($60k), Health for Armenia ($60k) and Ocean Corporation Education Foundation ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,044 against liabilities of $0, net assets of $5,044.