Gradus Project

Analysis

Gradus Project is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Gradus Project reported income of $64k and spending of $64k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $28k to $64k (+134%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 440%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gradus Project sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within TN. Charities of a similar size with the same main cause include Westminster Rotary Foundation Inc ($64k), Houston Hearts Chapter National Charity League Inc ($64k) and Afghan American Chamber of Commerce ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $16k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 1 employees.