Grit Athletics Inc

Analysis

Grit Athletics Inc is a registered charity in United States, based in Livermore, CO. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Grit Athletics Inc reported income of $96k and spending of $135k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $167k to $96k (-42%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 505%. Over the whole period it spent 189% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Grit Athletics Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 32nd percentile within CO. Charities of a similar size with the same main cause include Little League Baseball Inc ($96k), Pop Warner Little Scholars Inc ($96k) and Rock Creek Clubhouse Inc ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $1,762 against liabilities of $335k, net assets of -$334k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.