Groundswell Charitable Foundation

Analysis

Groundswell Charitable Foundation is a registered charity in United States, based in El Segundo, CA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Groundswell Charitable Foundation reported income of $4.9m and spending of $2.7m, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.8m to $4.9m (+77%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Groundswell Charitable Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Asian Pacific Fund ($4.9m), Grand Traverse Regional Community Foundation ($4.9m) and United Way and Community Foundation of Greater Fort Dodge ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $125k. At year end it held assets of $3.7m against liabilities of $486k, net assets of $3.3m.