The Groundlings

Analysis

The Groundlings is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Groundlings reported income of $3.1m and spending of $3.4m, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.5m to $3.1m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Groundlings sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include National Kidney Foundation Inc ($3.0m), Committee for a Constructive Tomorrow ($3.1m) and Tennessee School Boards Association ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $100k (3.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $7.9m against liabilities of $2.6m, net assets of $5.3m. It reported 138 employees.