Grateful Guitars Foundation

Analysis

Grateful Guitars Foundation is a registered charity in United States, based in Woodside, CA. It received its IRS tax-exemption ruling in July 2019, 7 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, Grateful Guitars Foundation reported income of $158k and spending of $44k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $158k (+245%), an average of +245% a year. The sharpest change came in the year to December 2023, when income rose by 245%. Over the whole period it spent 31% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grateful Guitars Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Virginia Glee Club Inc ($158k), DC Independent Film Festival ($158k) and The Rapides Exploratory Education House Inc ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.