Groove with Me Inc

Analysis

Groove with Me Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Groove with Me Inc reported income of $1.3m and spending of $695k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $691k to $1.3m (+87%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Groove with Me Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include International Union of Operating Engineers Local 571 Training Fund ($1.3m), Snipes Farm and Education Center ($1.3m) and Hebraic Heritage Christian School of Theology Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $313k. At year end it held assets of $6.6m against liabilities of $2.8m, net assets of $3.8m. It reported 9 employees.