Groveport Community Improvement Corporation

Analysis

Groveport Community Improvement Corporation is a registered charity in United States, based in Groveport, OH. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Groveport Community Improvement Corporation reported income of $202k and spending of $2.0m, spending 994% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.9m to $202k (-89%), an average of -89% a year. The sharpest change came in the year to December 2023, when income dropped by 89%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Groveport Community Improvement Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Skills in Scranton Business Education Partnership ($202k), BBSW ($202k) and American Leadership Forum-Great Valley Chapter Inc ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $95k against liabilities of $39k, net assets of $56k.