Common Grounds Community Development Corp

Analysis

Common Grounds Community Development Corp is a registered charity in United States, based in LK Worth BCH, FL. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Common Grounds Community Development Corp reported income of $124k and spending of $124k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $170k to $124k (-27%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Common Grounds Community Development Corp sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Acequia Madre PTC Inc ($124k), Ellison McCraney Ingram Foundation Inc ($124k) and TWCP Touchdown Club ($124k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 15% and program service revenue 48% of the total. At year end it held assets of $1,000 against liabilities of $0, net assets of $1,000. It reported 9 employees.