Grandview Foundation Inc

Analysis

Grandview Foundation Inc is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in May 1969, 57 years ago. 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 June 2023, Grandview Foundation Inc reported income of $4.1m and spending of $3.8m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $4.1m (+64%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grandview Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Boys and Girls Club of Rockford ($4.1m), Thurston Economic Development Council Center for Business & Inno ($4.1m) and Habitat for Humanity International Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $141k (3.8% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.3m against liabilities of $2.3m, net assets of -$44k. It reported 53 employees.