Grove Park Foundation Inc

Analysis

Grove Park Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 2017, 9 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, Grove Park Foundation Inc reported income of $4.1m and spending of $2.7m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.6m to $4.1m (-64%), an average of -23% a year. The sharpest change came in the year to December 2020, when income dropped by 81%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grove Park Foundation 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 92nd percentile within GA. Charities of a similar size with the same main cause include Community Partnership of Southeast Missouri ($4.1m), Alaska Operating Engineers Employers Training Trust Fund ($4.1m) and Asian Community Development Council ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $184k (6.7% of expenses). Other salaries and wages came to $326k. It paid $134k in professional fundraising fees. At year end it held assets of $28.1m against liabilities of $18.6m, net assets of $9.5m. It reported 5 employees.