Gravis USA

Analysis

Gravis USA is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Gravis USA reported income of $169k and spending of $152k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $5,358 to $169k (+3058%), an average of +3058% a year. The sharpest change came in the year to December 2023, when income rose by 3058%. Over the whole period it spent 176% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gravis USA sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Potato Leadership Education and Advancement Foundation ($169k), T H P Housing Inc ($169k) and Health Tanzania Foundation ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.