Gridlab Inc

Analysis

Gridlab Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Gridlab Inc reported income of $4.3m and spending of $4.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $4.3m (+139%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 145%. Over the whole period it spent 88% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Gridlab Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Havens Harvest Inc ($4.3m), Tampa Bay History Center Inc ($4.3m) and Alliance of Rouge Communities ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $294k (7.1% of expenses). Other salaries and wages came to $492k. At year end it held assets of $2.7m against liabilities of $450k, net assets of $2.2m. It reported 5 employees.