Groundwork Indy Inc

Analysis

Groundwork Indy Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 2016, 10 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 Indy Inc reported income of $773k and spending of $626k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $662k to $773k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Groundwork Indy Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Orange County Congregation Community Organization ($773k), Illinois Valley 2010 Community Response Team ($774k) and Sertoma Handicapped Opportunity Programs Inc ($773k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $75k (12% of expenses). Other salaries and wages came to $342k. At year end it held assets of $933k against liabilities of $14k, net assets of $919k. It reported 70 employees.