Charity Search / CARLEEN AND EUGENE GRANDON CHARITABLE FOUNDATION
Philanthropy & Grantmaking (T22) 990 on File

CARLEEN AND EUGENE GRANDON CHARITABLE FOUNDATION

EIN: 20-1134857 · CEDAR RAPIDS, IA 52402-7649 · United States · FY 2025 Data
3 out of 5 51 / 100 Based on 2+ years of filings
Financial strength (30%) 90/100
Reliability (20%) 55/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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Financial Overview — FY 2025
$2.0M
Total Revenue
$1.9M
Total Expenses
$33.1M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 88.6%
Fundraising Efficiency N/A
Operating Reserve 206.53x
Liability-to-Asset 0.0%
Revenue Diversification 90.1%
Executive Compensation $180K
Compared with Peers
FY 2025
Compared with 1,971 similar organizations (United States, Philanthropy & Grantmaking, $1M–$10M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
88.6% 91.4%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
206.5 mo 61.1 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 0.0%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
90.1% 90.9%
P10P90
Above median
Revenue growth
Year over year revenue growth
19.0% 9.0%
P10P90
Expense growth
Year over year expense growth
4.8% 8.8%
P10P90
Surplus margin
Surplus as a share of revenue
6.0% 2.2%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $2.0M $1.9M $33.1M 88.6% —
2024 $1.7M $1.8M $31.4M 90.3% —
2023 $493K $1.7M $29.5M 90.4% —
2022 $520K $1.6M $26.4M 89.4% —
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Organization Details
EIN
20-1134857
State
IA
City
CEDAR RAPIDS
ZIP
52402-7649
Classification
T22
Category
Philanthropy & Grantmaking
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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