Grit and Grace Girls Inc

Analysis

Grit and Grace Girls Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in October 2021, 5 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 December 2023, Grit and Grace Girls Inc reported income of $206k and spending of $180k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $168k to $206k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grit and Grace Girls Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Pittsburgh Youth Concert Orchestra ($206k), Japanese Embroidery Center Inc ($206k) and Tampa Caribbean Festival Inc ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 138% of the total. Compensation of current officers, directors and key employees was $49k (27% of expenses). At year end it held assets of $119k against liabilities of $0, net assets of $119k.