Underground Grit Inc

Analysis

Underground Grit Inc is a registered charity in United States, based in Orange, CA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Underground Grit Inc reported income of $345k and spending of $339k, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $414k to $345k (-16%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Underground Grit Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Family Voices of Minnesota ($345k), Avenues for Women Inc ($345k) and Allies Linked for the Prevention of HIV and AIDS ($345k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $56k (16% of expenses). Other salaries and wages came to $74k. At year end it held assets of $118k against liabilities of $120k, net assets of -$1,993. It reported 2 employees.