Granite Wellness Centers

Analysis

Granite Wellness Centers is a registered charity in United States, based in Roseville, CA. It received its IRS tax-exemption ruling in October 1975, 51 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 2023, Granite Wellness Centers reported income of $9.2m and spending of $11.5m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.2m to $9.2m (+0.0%), an average of +0.0% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Granite Wellness Centers sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Leo N Levi Memorial Hospital Association ($9.2m), Fellowship Home Inc ($9.2m) and Virgnia B Andes Volunteer Community Clinic Inc ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $439k (3.8% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $18.7m against liabilities of $15.7m, net assets of $3.0m. It reported 200 employees.