Friends of the Grenadines Initiative

Analysis

Friends of the Grenadines Initiative is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Friends of the Grenadines Initiative reported income of $80k and spending of $206k, spending 256% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $306k to $80k (-74%), an average of -49% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Grenadines Initiative 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 32nd percentile within IL. Charities of a similar size with the same main cause include Metamora Grade School Foundation for Educational Excellence ($80k), Wall Street Women of Texas ($80k) and Hilton Head Firefighters Association Inc ($80k).

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 $51k against liabilities of $0, net assets of $51k.