Griptape Inc

Analysis

Griptape Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Griptape Inc reported income of $1.4m and spending of $2.0m, spending 143% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $2.9m to $1.4m (-51%), an average of -21% a year. The sharpest change came in the year to December 2022, when income rose by 178%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Griptape Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Manhattan Christian Academy ($1.4m), Hca Building Company ($1.4m) and Fayetteville Public Library Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $506k (25% of expenses). Other salaries and wages came to $364k. At year end it held assets of $2.5m against liabilities of $55k, net assets of $2.4m. It reported 9 employees.