Grub Street Inc

Analysis

Grub Street Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Grub Street Inc reported income of $4.4m and spending of $5.1m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.3m to $4.4m (-47%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grub Street Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include National Braille Press Inc ($4.4m), Northeastern Regional Association of Coastal Ocean Observation Syste ($4.4m) and Marthas Vineyard Preservation TR Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $154k (3.0% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $14.1m against liabilities of $2.2m, net assets of $11.9m. It reported 133 employees.