Gryd Foundation

Analysis

Gryd Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 2022, Gryd Foundation reported income of $1.1m and spending of $1.6m, spending 144% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.3m to $1.1m (-53%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 113% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Gryd Foundation sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Friendship Circle of Brooklyn Inc ($1.1m), Emdr Humanitarian Assistance Programs Inc ($1.1m) and Banisters Leadership Academy ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $88k (5.6% of expenses). Other salaries and wages came to $369k. At year end it held assets of $113k against liabilities of $2,452, net assets of $111k. It reported 17 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.