Groundswell Community Mural Project Inc

Analysis

Groundswell Community Mural Project Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Groundswell Community Mural Project Inc reported income of $1.6m and spending of $2.0m, spending 122% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $1.6m (+30%), an average of +6.7% a year. The sharpest change came in the year to September 2020, when income rose by 43%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Groundswell Community Mural Project Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include St Pauls Community Center ($1.6m), Mother Africa ($1.6m) and Somali Bantu Association of America ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $305k (15% of expenses). Other salaries and wages came to $725k. At year end it held assets of $1.4m against liabilities of $128k, net assets of $1.2m. It reported 20 employees.