Grit Inc

Analysis

Grit Inc is a registered charity in United States, based in Wilkesbarre, PA. It received its IRS tax-exemption ruling in June 1975, 51 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Grit Inc reported income of $1.7m and spending of $1.8m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.7m (+2.5%), an average of +0.6% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grit Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.7m), Lynnfield Initiatives for Elders Inc ($1.7m) and Habitat for Humanity International Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $243k. At year end it held assets of $3.3m against liabilities of $3.0m, net assets of $249k.