Philanthropy & Grantmaking
(T22)
990 on File
GRANITE FOUNDATION
Financial strength (30%)
90/100
Reliability (20%)
55/100
Effectiveness (25%)
51/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$2.7M
Total Revenue
$788K
Total Expenses
$16.6M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
90.5%
Fundraising Efficiency
N/A
Operating Reserve
252.43x
Liability-to-Asset
0.0%
Revenue Diversification
81.7%
Executive Compensation
$0
Compared with Peers
FY 2024
Compared with 16,645 similar organizations
(United States, Philanthropy & Grantmaking, $100K–$1M in expenses), FY 2024.
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
|
90.5% | 90.2% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
252.4 mo | 95.2 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
81.7% | 90.4% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
11.8% | 18.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-4.4% | 6.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
70.6% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.7M | $788K | $16.6M | 90.5% | — |
| 2023 | $2.4M | $824K | $14.7M | 91.8% | — |
| 2022 | $2.5M | $797K | $13.1M | 91.7% | — |
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