Friends of the Grape Inc

Analysis

Friends of the Grape Inc is a registered charity in United States, based in Denton, MD. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Grape Inc reported income of $387k and spending of $421k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $365k to $387k (+5.9%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Grape Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MD. Charities of a similar size with the same main cause include The Lincoln Institute ($387k), Spirit Voyage Legacy Foundation ($387k) and Florida Library Association Inc ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 12% of the total. Other salaries and wages came to $133k. At year end it held assets of $570k against liabilities of $246k, net assets of $324k. It reported 10 employees.