Uncommon Grit Foundation Inc

Analysis

Uncommon Grit Foundation Inc is a registered charity in United States, based in Manakinsabot, VA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Uncommon Grit Foundation Inc reported income of $293k and spending of $319k, spending 109% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $449k to $293k (-35%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Uncommon Grit Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Association of Independents in Radio Inc ($293k), Ohio Council of Information and Referral Providers ($293k) and Castlebay Lane Elementary School Parents and Teachers Helping ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 148% of the total. Compensation of current officers, directors and key employees was $90k (28% of expenses). At year end it held assets of $364k against liabilities of $1,297, net assets of $362k. It reported 1 employees.