Grampys Charities
Grampys Charities shows highly volatile revenue but strong asset growth and no reported officer compensation.
EIN: 200523402 · New London, CT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $890K |
| Total Expenses | $470K |
| Program Spending | 85% |
| Net Assets | $1.5M |
| Transparency Score | 85/100 |
Is Grampys Charities Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grampys Charities directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grampys Charities
Grampys Charities (EIN: 200523402) is a nonprofit organization based in New London, CT, classified under NTEE code T20. The organization reported total revenue of $890K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grampys Charities's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grampys Charities is a small nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $470K |
| Surplus / Deficit | +$1.3M |
| Total Assets | $1.5M |
| Total Liabilities | $1 |
| Net Assets | $1.5M |
| Operating Margin | 74.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 39.4 months |
Financial Health Grade: A
In 2023, Grampys Charities reported a surplus of $1.3M with revenue exceeding expenses, holds 39.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Grampys Charities's revenue has grown at a compound annual growth rate (CAGR) of 15.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3263.1% | +49.7% | +126.0% |
| 2022 | -69.8% | +113.9% | -27.7% |
| 2021 | -6.3% | -41.1% | +3.4% |
| 2020 | -43.9% | -13.8% | -23.4% |
| 2015 | -5.3% | -6.9% | +4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Grampys Charities with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Grampys Charities allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or their compensation falls below IRS reporting thresholds, which is a positive sign for donor funds being directed towards the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Grampys Charities's IRS 990 filings:
- Highly volatile revenue streams, making financial planning potentially challenging.
- Lack of detailed expense breakdown in provided data prevents precise program efficiency calculation.
Strengths
The following positive indicators were identified for Grampys Charities:
- Strong and growing asset base, reaching $1,540,979 in 2023.
- Consistently low liabilities ($1 across all filings), indicating excellent financial health.
- No reported officer compensation, suggesting volunteer leadership or highly efficient administrative costs.
- Consistent IRS 990 filing history (9 filings), demonstrating transparency.
- Significant revenue surplus in 2023 ($1,808,598 revenue vs. $469,879 expenses).
Frequently Asked Questions about Grampys Charities
Is Grampys Charities a legitimate charity?
Grampys Charities (EIN: 200523402) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $890K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Grampys Charities spend its money?
Grampys Charities directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Grampys Charities tax-deductible?
Grampys Charities is registered as a tax-exempt nonprofit (EIN: 200523402). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Grampys Charities's spending goes to programs?
Grampys Charities directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Grampys Charities compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Grampys Charities is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grampys Charities located?
Grampys Charities is headquartered in New London, Connecticut and files with the IRS under EIN 200523402. It is classified under NTEE code T20.
How many years of IRS 990 filings does Grampys Charities have?
Grampys Charities has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $890K in total revenue.
Is Grampys Charities a good charity?
Based on the available data, Grampys Charities appears to be a financially stable organization with strong asset management and no reported officer compensation, which are positive indicators. However, a full assessment would benefit from more detailed expense breakdowns to confirm program spending efficiency.
Why is revenue so inconsistent year-to-year?
Revenue for Grampys Charities has been highly inconsistent, ranging from $53,777 in 2022 to $1,808,598 in 2023. This could be due to reliance on large, infrequent grants, specific fundraising campaigns, or significant one-time donations, rather than a steady stream of income.
How does Grampys Charities manage to have such low liabilities?
Grampys Charities consistently reports liabilities of only $1 across all filings. This indicates extremely prudent financial management, suggesting the organization operates within its means, avoids debt, and manages its cash flow effectively.
Filing History
IRS 990 filing history for Grampys Charities showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Grampys Charities's revenue has grown by 463.5%, moving from $321K to $1.8M. Total assets increased by 76.8% over the same period, from $872K to $1.5M. Total functional expenses rose by 103.2%, from $231K to $470K. In its most recent filing year (2023), Grampys Charities reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $470K | $1.5M | $1 | — | View 990 |
| 2022 | $54K | $314K | $682K | $1 | — | View 990 |
| 2021 | $178K | $147K | $943K | $1 | — | View 990 |
| 2020 | $190K | $249K | $912K | $1 | — | View 990 |
| 2015 | $339K | $289K | $1.2M | $1 | — | View 990 |
| 2014 | $358K | $310K | $1.1M | $1 | — | View 990 |
| 2013 | $374K | $276K | $1.1M | $1 | — | View 990 |
| 2012 | $383K | $258K | $997K | $1 | — | View 990 |
| 2011 | $321K | $231K | $872K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $470K, and assets of $1.5M (revenue +3263.1% year-over-year).
- 2022: Revenue of $54K, expenses of $314K, and assets of $682K (revenue -69.8% year-over-year).
- 2021: Revenue of $178K, expenses of $147K, and assets of $943K (revenue -6.3% year-over-year).
- 2020: Revenue of $190K, expenses of $249K, and assets of $912K (revenue -43.9% year-over-year).
- 2015: Revenue of $339K, expenses of $289K, and assets of $1.2M (revenue -5.3% year-over-year).
- 2014: Revenue of $358K, expenses of $310K, and assets of $1.1M (revenue -4.5% year-over-year).
- 2013: Revenue of $374K, expenses of $276K, and assets of $1.1M (revenue -2.2% year-over-year).
- 2012: Revenue of $383K, expenses of $258K, and assets of $997K (revenue +19.3% year-over-year).
- 2011: Revenue of $321K, expenses of $231K, and assets of $872K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grampys Charities:
Data Sources and Methodology
This transparency report for Grampys Charities is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.