Grandmastersrx

Analysis

Grandmastersrx is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Grandmastersrx reported income of $50k and spending of $66k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $53k to $50k (-6.2%), an average of -6.2% a year. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Grandmastersrx sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 19th percentile, and in the 23rd percentile within FL. Charities of a similar size with the same main cause include Nbba Foundation ($50k), Club West Wrestling Inc ($50k) and SW Softball Booster Inc ($50k).

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 $19k against liabilities of $100, net assets of $19k.