Grid3 Inc

Analysis

Grid3 Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Grid3 Inc reported income of $4.4m and spending of $4.4m, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $177k to $4.4m (+2381%), an average of +2381% a year. The sharpest change came in the year to December 2023, when income rose by 2381%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Grid3 Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include American Friends of Maoz-Seal Inc ($4.4m), Trinity Hope Inc ($4.4m) and Children of Heroes of Ukraine Foundation ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $388k (8.9% of expenses). At year end it held assets of $7.1m against liabilities of $7.1m, net assets of $10k. It reported 1 employees.