Groundwork Somerville Inc

Analysis

Groundwork Somerville Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in November 2001, 25 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 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, Groundwork Somerville Inc reported income of $625k and spending of $499k, leaving 20% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $371k to $625k (+68%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Groundwork Somerville Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Amani Foundation Inc ($625k), West Texas Electrical Joint Apprenticeship and Training Trust ($625k) and Endeavor Initiative Puerto Rico Inc ($625k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.5% of the total. Other salaries and wages came to $194k. At year end it held assets of $284k against liabilities of $32k, net assets of $252k. It reported 17 employees.