Gene Grawe Fund Inc

Analysis

Gene Grawe Fund Inc is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Gene Grawe Fund Inc reported income of $351k and spending of $386k, spending 110% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $364k to $351k (-3.5%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gene Grawe Fund Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Waterhouse Charitable TR ($351k), Creatives Want Change Inc ($351k) and Michael Magro Foundation Inc ($351k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% of the total. At year end it held assets of $843k against liabilities of $14k, net assets of $829k.