Groundwork Center for Resilient Communities Inc

Analysis

Groundwork Center for Resilient Communities Inc is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in August 1982, 44 years ago. 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, Groundwork Center for Resilient Communities Inc reported income of $2.6m and spending of $2.7m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $2.6m (+40%), an average of +8.8% a year. The sharpest change came in the year to September 2020, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Groundwork Center for Resilient Communities Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.6m), National Kidney Foundation of Arizona ($2.6m) and Girl Scouts of Virginia Skyline Council Inc ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $289k (11% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.1m against liabilities of $85k, net assets of $1.0m. It reported 29 employees.