Groundwork Lawrence Inc

Analysis

Groundwork Lawrence Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in August 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 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, Groundwork Lawrence Inc reported income of $4.4m and spending of $4.0m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $4.4m (+82%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Groundwork Lawrence Inc sits at the 92nd 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 90th percentile within MA. Charities of a similar size with the same main cause include Star Island Corporation ($4.4m), Northern California and Northern Nevada Sound and Communication ($4.4m) and Metro Detroit Electrical Industry Training Center Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $206k (5.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.4m against liabilities of $836k, net assets of $3.5m. It reported 105 employees.