Griot Circle

Analysis

Griot Circle is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Griot Circle reported income of $553k and spending of $441k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $587k to $553k (-5.8%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income dropped by 54%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Griot Circle sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Homesafe of Sumner Wilson and Robertson Counties Inc ($553k), A Family Option Adoption Agency a NJ Nonprofit Corporation ($553k) and Childrens Learning Center ($553k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $174k (40% of expenses). Other salaries and wages came to $94k. At year end it held assets of $398k against liabilities of $88k, net assets of $310k.