Grid Books Inc

Analysis

Grid Books Inc is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Grid Books Inc reported income of $67k and spending of $53k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $67k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grid Books Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 35th percentile within MA. Charities of a similar size with the same main cause include Northwest Native American Basketweavers Assn ($67k), Spokane Preservation Advocates ($67k) and Phoenix Renaissance Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 25% of the total. At year end it held assets of $67k against liabilities of $11, net assets of $67k.