Griggs-Steele Empowerment Zone Inc

Analysis

Griggs-Steele Empowerment Zone Inc is a registered charity in United States, based in Finley, ND. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Griggs-Steele Empowerment Zone Inc reported income of $203k and spending of $224k, spending 110% of what it took in. The sharpest change came in the year to December 2021, when income dropped by 30%. Over the whole period it spent 613% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Griggs-Steele Empowerment Zone Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 47th percentile within ND. Charities of a similar size with the same main cause include Benicia Community Foundation ($203k), Orleans County Local Development Corp ($203k) and Rehoboth Beach Main Street Inc ($203k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 76% of the total. Compensation of current officers, directors and key employees was $79k (35% of expenses). Other salaries and wages came to $72k. At year end it held assets of $5.0m against liabilities of $12k, net assets of $5.0m. It reported 3 employees.

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.