Grass Roots Development Inc

Analysis

Grass Roots Development Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Grass Roots Development Inc reported income of $1.3m and spending of $1.3m, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.6m to $1.3m (-16%), an average of -8.2% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grass Roots Development Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Families Forward Charlotte Inc ($1.3m), North Hill Communities Inc ($1.3m) and Evansville Assn for the Blind ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $40k (3.1% of expenses). Other salaries and wages came to $189k. At year end it held assets of $755k against liabilities of $8,874, net assets of $746k. It reported 5 employees.