Danbury Grassroots Academy Inc

Analysis

Danbury Grassroots Academy Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Danbury Grassroots Academy Inc reported income of $633k and spending of $412k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $474k to $633k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Danbury Grassroots Academy Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Fergus Area College Foundation ($633k), Kochvei Ohr Inc ($634k) and Waukee Athletic Boosters ($633k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $134k. At year end it held assets of $1.6m against liabilities of $9,665, net assets of $1.5m. It reported 10 employees.