Grid110 Inc

Analysis

Grid110 Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover employment, 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, Grid110 Inc reported income of $737k and spending of $570k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $376k to $737k (+96%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grid110 Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Southeast Alabama Self Help Assn Inc ($737k), For-M Foundation Inc ($737k) and Onward Eugene ($737k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $117k (20% of expenses). Other salaries and wages came to $231k. At year end it held assets of $196k against liabilities of $3,033, net assets of $193k. It reported 9 employees.