Grip Outreach for Youth

Analysis

Grip Outreach for Youth is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Grip Outreach for Youth reported income of $1.7m and spending of $1.8m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $1.7m (+13%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Grip Outreach for Youth sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include District C ($1.7m), Youth Development Company and Police Athletic Activities League ($1.7m) and Women of Tomorrow Mentor and Scholarship Program Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 109% of the total. Compensation of current officers, directors and key employees was $238k (13% of expenses). Other salaries and wages came to $838k. At year end it held assets of $1.9m against liabilities of $172k, net assets of $1.7m. It reported 20 employees.