Grasp

Analysis

Grasp is a registered charity in United States, based in Great Falls, SC. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Grasp reported income of $494k and spending of $418k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $292k to $494k (+69%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grasp sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within SC. Charities of a similar size with the same main cause include Chestnut Hill Foundation Inc ($494k), Psalm 51 Ranch Inc ($494k) and Thrive Adventures ($494k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $43k (10% of expenses). Other salaries and wages came to $96k. At year end it held assets of $521k against liabilities of $2,033, net assets of $519k. It reported 6 employees.