Groundwork Elizabeth Inc

Analysis

Groundwork Elizabeth Inc is a registered charity in United States, based in Elizabeth, NJ. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Elizabeth Inc reported income of $1.4m and spending of $927k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $476k to $1.4m (+193%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Groundwork Elizabeth Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Community Sailing New Orleans Inc ($1.4m), Livonia Civic Arenas Inc ($1.4m) and St Johns Middle School Athletic Assoc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $538k. At year end it held assets of $839k against liabilities of $118k, net assets of $721k. It reported 37 employees.