Groundwork Hudson Valley Inc

Analysis

Groundwork Hudson Valley Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Hudson Valley Inc reported income of $1.8m and spending of $1.9m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Groundwork Hudson Valley Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Monumental Sports & Entertainment Foundation ($1.8m), Waicu Educational Technology Consortium Inc ($1.8m) and Rocker Family Foundation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $251k (13% of expenses). Other salaries and wages came to $783k. It paid $69k in professional fundraising fees. At year end it held assets of $2.0m against liabilities of $101k, net assets of $1.9m. It reported 62 employees.