Grassroots Community Foundation Inc

Analysis

Grassroots Community Foundation Inc is a registered charity in United States, based in West Orange, NJ. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grassroots Community Foundation Inc reported income of $117k and spending of $134k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $179k to $117k (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grassroots Community Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Fostering Connections ($117k), Tri-State Association of School Business Officials Conference ($117k) and Clarksville Economic Development Association Inc ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.