Groove City Black Heritage & Culture Group Inc

Analysis

Groove City Black Heritage & Culture Group Inc is a registered charity in United States, based in Cambridge, MD. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Groove City Black Heritage & Culture Group Inc reported income of $116k and spending of $109k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $116k (+124%), an average of +124% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Groove City Black Heritage & Culture Group Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within MD. Charities of a similar size with the same main cause include Main Street Productions Inc ($116k), Folk Heritage Association of Macon ($116k) and Greater New Orleans Youth Orchestra ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $43k against liabilities of $2,365, net assets of $40k.