New York Grit Inc

Analysis

New York Grit Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, New York Grit Inc reported income of $129k and spending of $91k, leaving 29% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $238k to $129k (-46%), an average of -26% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York Grit Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include National Black Mba Association ($129k), National Academy of Health and Physical Literacy ($129k) and HCC STL Foundation ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $428k against liabilities of $0, net assets of $428k.