The Groden Center Inc

Analysis

The Groden Center Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in January 1977, 49 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Groden Center Inc reported income of $19.2m and spending of $19.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.1m to $19.2m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Groden Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within RI. Charities of a similar size with the same main cause include Share ($19.2m), Urban League of Metropolitan Seattle ($19.2m) and Sky Ranches Inc ($19.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $192k (1.0% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $14.8m against liabilities of $1.9m, net assets of $12.9m. It reported 392 employees.