GRSP Foundation

Analysis

GRSP Foundation is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, GRSP Foundation reported income of $941k and spending of $615k, leaving 35% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $1.1m to $941k (-17%), an average of -8.7% a year. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, GRSP Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within GA. Charities of a similar size with the same main cause include Taos School of Music Incorporated ($941k), Muncie Childrens Museum Inc ($943k) and International Society of Offshore and Polar Engineers ($941k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $15.9m against liabilities of $0, net assets of $15.9m.