Groundworks Collaborative Inc

Analysis

Groundworks Collaborative Inc is a registered charity in United States, based in Brattleboro, VT. It received its IRS tax-exemption ruling in January 1979, 47 years ago. 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, Groundworks Collaborative Inc reported income of $3.4m and spending of $3.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $3.4m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Groundworks Collaborative Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within VT. Charities of a similar size with the same main cause include Michigan Education Council ($3.4m), Thrive Cil ($3.4m) and Bais Kaila Torah Preparatory High School ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $95k (2.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $4.3m against liabilities of $246k, net assets of $4.1m. It reported 73 employees.