Groundswell Fund

Analysis

Groundswell Fund is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Groundswell Fund reported income of $18.6m and spending of $24.4m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $21.0m to $18.6m (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Groundswell Fund sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Families and Communities Rising Inc ($18.6m), Community Foundation for Southern Arizona ($18.7m) and Alliance Health of Wrentham Inc ($18.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $650k (2.7% of expenses). Other salaries and wages came to $3.8m. It paid $71k in professional fundraising fees. At year end it held assets of $45.2m against liabilities of $2.2m, net assets of $43.0m. It reported 42 employees.