Grand Slam Foundation Inc

Analysis

Grand Slam Foundation Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 2011, 15 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 (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, Grand Slam Foundation Inc reported income of $404k and spending of $402k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $404k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Grand Slam Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Elite Aquatics Sports Team Inc ($404k), Three Rivers Gymnastics ($404k) and Chelsea Hockey Association ($404k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $25k against liabilities of $128k, net assets of -$103k. It reported 3 employees.