Training Grounds Inc

Analysis

Training Grounds Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2021, Training Grounds Inc reported income of $2.0m and spending of $2.1m, spending 103% of its income. Across the 6 years on record, from December 2015 to December 2021, income grew from $407k to $2.0m (+398%), an average of +38% a year. The sharpest change came in the year to December 2018, when income rose by 62%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Training Grounds Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Columbia Industries ($2.0m), Ibew Local Union 363 Joint Apprentice Training Fund ($2.0m) and Personal Onsite Development ($2.0m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $89k (4.3% of expenses). Other salaries and wages came to $803k. At year end it held assets of $568k against liabilities of $252k, net assets of $316k. It reported 16 employees.