Grind for Life Inc

Analysis

Grind for Life Inc is a registered charity in United States, based in Cocoa Beach, FL. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Grind for Life Inc reported income of $79k and spending of $98k, spending 125% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $174k to $79k (-55%), an average of -33% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Grind for Life Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Concord Carlisle Youth Basketball Inc ($79k), Korean Amateur Sports Association ($79k) and Lakes Curling Club Inc ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $14k against liabilities of $59k, net assets of -$45k.