Groundwork Rva Inc

Analysis

Groundwork Rva Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 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 December 2023, Groundwork Rva Inc reported income of $997k and spending of $1.1m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $449k to $997k (+122%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Groundwork Rva Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Criminal Justice Coordinating Council ($997k), Teamsters Assistance Program of Northern California ($997k) and Mississippi First Inc ($996k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $74k (6.9% of expenses). Other salaries and wages came to $539k. At year end it held assets of $158k against liabilities of $162k, net assets of -$4,137. It reported 32 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.