Groundwork Denver Incorporated

Analysis

Groundwork Denver Incorporated is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 2003, 23 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 Denver Incorporated reported income of $2.0m and spending of $2.1m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.0m (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 47%. 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 Denver Incorporated sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CO. Charities of a similar size with the same main cause include Albuquerque Economic Development Inc ($2.0m), Soil Born Farm Urban Agriculture Project ($2.0m) and Northern Berkshire Community Coalition Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $96k (4.6% of expenses). Other salaries and wages came to $1.1m. It paid $58k in professional fundraising fees. At year end it held assets of $1.7m against liabilities of $319k, net assets of $1.4m. It reported 115 employees.