Groundwork Ohio River Valley Inc

Analysis

Groundwork Ohio River Valley Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in May 2020, 6 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 June 2023, Groundwork Ohio River Valley Inc reported income of $1.5m and spending of $1.6m, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $335k to $1.5m (+341%), an average of +64% a year. The sharpest change came in the year to June 2023, when income rose by 79%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Groundwork Ohio River Valley Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Preservation Park Center Inc ($1.5m), Brockway Center for Arts and Technology ($1.5m) and Startupnv ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $116k (7.3% of expenses). Other salaries and wages came to $800k. It paid $990 in professional fundraising fees. At year end it held assets of $614k against liabilities of $607k, net assets of $6,496. It reported 142 employees.