Grad Bag Inc

Analysis

Grad Bag Inc is a registered charity in United States, based in Scarsdale, NY. It received its IRS tax-exemption ruling in January 2020, 6 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 August 2023, Grad Bag Inc reported income of $182k and spending of $98k, leaving 46% of income unspent that year. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grad Bag Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Whitewater High Touchdown Club Inc ($182k), Opportunities Collaborative for Students with Special Needs Inc ($182k) and Elsie Frueh & Anges Beck Memorial Fund ($182k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $57k. At year end it held assets of $292k against liabilities of $0, net assets of $292k. It reported 24 employees.