Groomes Family Home

Analysis

Groomes Family Home is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Groomes Family Home reported income of $64k and spending of $77k, spending 120% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $53k to $64k (+22%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Groomes Family Home sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Ocean Housing Development I Incorporated ($64k), Mosaic Housing Corp XX - Garden City ($64k) and West Piedmont Better Housing Coalition Inc ($64k).

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 -$11 against liabilities of $71k, net assets of -$71k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.