Groundwork USA Inc

Analysis

Groundwork USA Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in October 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 USA Inc reported income of $3.9m and spending of $5.5m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.9m (+113%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 145%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Groundwork USA Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Southern California Center for Nonprofit Management ($3.9m), Great Plains Enterprises Inc ($3.9m) and Parker Street Ministries Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $270k (5.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $10.6m against liabilities of $615k, net assets of $9.9m. It reported 22 employees.