Groundwork Richmond Inc

Analysis

Groundwork Richmond Inc is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Richmond Inc reported income of $1.1m and spending of $828k, leaving 27% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $674k to $1.1m (+68%), an average of +14% a year. The sharpest change came in the year to September 2023, when income rose by 32%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Groundwork Richmond Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include National Association of State Chief Administrators ($1.1m), Prospect Silicon Valley ($1.1m) and Associated General Contractors Open-Shop Apprenticeship and ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $253k (31% of expenses). Other salaries and wages came to $292k. At year end it held assets of $500k against liabilities of $220k, net assets of $280k. It reported 26 employees.