Grassworks Inc

Analysis

Grassworks Inc is a registered charity in United States, based in Hillsboro, WI. It received its IRS tax-exemption ruling in March 1989, 37 years ago. 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, Grassworks Inc reported income of $553k and spending of $473k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $346k to $553k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grassworks Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within WI. Charities of a similar size with the same main cause include Achievement Center Endowment Fund Inc ($553k), California Transportation Foundation ($553k) and Civic Youth Orchestra Inc ($553k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $76k (16% of expenses). Other salaries and wages came to $3,129. At year end it held assets of $349k against liabilities of $70k, net assets of $279k. It reported 1 employees.