Friends of the Grimes Public

Analysis

Friends of the Grimes Public is a registered charity in United States, based in Grimes, IA. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Grimes Public reported income of $86k and spending of $377k, spending 435% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $271k to $86k (-68%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Grimes Public 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 33rd percentile, and in the 31st percentile within IA. Charities of a similar size with the same main cause include Medaka No Gakko ($86k), Valley Future Foundation Inc ($86k) and Dylan Olivia Memorial Fund Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 19% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.