The Groundwater Foundation

Analysis

The Groundwater Foundation is a registered charity in United States, based in Westerville, OH. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, The Groundwater Foundation reported income of $721k and spending of $508k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $324k to $721k (+122%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 221%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Groundwater Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Paulding Exempted Character Academy Inc ($721k), Deland Montessori School Inc ($721k) and Training Solutions for Construction & Industry ($720k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 0.5% of the total. Other salaries and wages came to $577. At year end it held assets of $2.3m against liabilities of $643k, net assets of $1.7m.