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Groundswell Fund

San Francisco, CA · EIN 47-4003615 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2025 (tax year 2025) · View the filing · Correct or respond

Groundswell Fund reported $13.3 million in revenue and $22.6 million in expenses for calendar year 2025. Of every $100 it spent, $81.21 went to program services, $5.92 to management and general costs and $12.87 to fundraising. Its largest source of revenue was contributions and grants: 95.4% of the total. The highest compensation it reported for one person was $442,601 (CEO). 38 people received more than $100,000 in reportable compensation. Revenue fell 37% between 2019 and 2025. Source: Form 990, 2025.

Where $100 of spending went

Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $23M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2025 · Form 990, Part VIII · total revenue $13M

The 990 scorecard · same measures for every charity, no grades

2025 filing. Median across 1,001 covered charities in this category, from their latest filings.
Measure2025Median
Program services
Part IX 25(B) ÷ 25(A)
81.2%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
5.9%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
12.9%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.23$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
95.4%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%0.0%
Highest reported compensation
Part VII-A, columns D–F
$442,601$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.96%1.56%
People paid over $100,000
Part VII, line 2
383
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
13.256.6
Independent voting board members
Part VI 1a–1b
8 of 8100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2025 · Form 990, Part III · the three largest programs by expense
$12M expenses · 64.1% of program spending · grants $9.0M

GrantmakingGroundswell Fund supports 501(c)(3) organizations through Grantmaking, Capacity Building, and Funder Organizing to build the power of reproductive justice and other intersectional movements. Through our grantmaking, we provide mostly general support and commit to funding strong, effective organizations for the long term

$5.2M expenses · 28.2% of program spending · grants $2.8M

Capacity BuildingTHROUGH OUR CAPACITY BUILDING WORK, GROUNDSWELL FUND STRENGTHENS ORGANIZATIONS INFRASTRUCTURE AND LEADERSHIP SO THEY CAN SCALE AND SUSTAIN LONG-TERM IMPACT

$1.4M expenses · 7.7% of program spending

Funder Organizing and other Groundswell Fund works with foundations and individual donors to increase resources for intersectional organizing

Highest reported compensation

2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Officer, 40.00 hrs/week
$371,897$0$70,704$442,601
Chief Strategy Ofr
Listed in Part VII, 40.00 hrs/week
$228,650$0$83,122$311,772
Director-Fnd Relat
Listed in Part VII, 40.00 hrs/week
$239,385$0$48,799$288,184
Chief of Staff
Listed in Part VII, 40.00 hrs/week
$236,651$0$40,308$276,959
CFO
Officer, 40.00 hrs/week
$216,331$0$54,384$270,715
Sr Dir Cap Bldg
Listed in Part VII, 40.00 hrs/week
$220,307$0$13,166$233,473
Ops Mgr Cap Bldg
Listed in Part VII, 40.00 hrs/week
$207,439$0$9,114$216,553

38 people received more than $100,000 in reportable compensation from Groundswell Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $595K (Part IX, line 5).

7 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M2019202020212022202320242025$13M$23M
FilingRevenueExpensesProgramsNet assetsTop pay
2025 ⓘ$13M$23M81.2%$25M$442,601
2024 ⓘ$22M$30M87.0%$34M$427,099
2023 ⓘ$19M$24M87.4%$43M$349,145
2022 ⓘ$30M$21M86.2%$49M$312,343
2021 ⓘ$24M$19M86.7%$40M$313,222
2020 (amended) ⓘ$30M$16M89.9%$34M$296,280
2019 ⓘ$21M$12M90.2%$21M$266,178

Governance answers, as filed

2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b8 · 8 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18Yes
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 549
  • Volunteers Part I, line 69

Largest outside contractors

2025 · Form 990, Part VII, Section B · businesses only
SKS Consulting Services
Consulting
$138,800

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Private foundation grants it received

38 private foundations reported grants to Groundswell Fund totaling $16M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Groundswell Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Groundswell Fund, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All philanthropy, voluntarism & grantmaking charities · Largest charities in California

Questions people ask

How much of Groundswell Fund's spending goes to programs?

In calendar year 2025, Groundswell Fund reported that 81.2% of its $22.6 million in expenses went to program services, 5.9% to management and general and 12.9% to fundraising (Form 990, Part IX).

How much does Groundswell Fund pay its top executive?

The largest total compensation Groundswell Fund reported for one person in calendar year 2025 was $442,601, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Groundswell Fund get its money?

Of $13.3 million in revenue in calendar year 2025, 95.4% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Groundswell Fund a registered charity?

The IRS lists EIN 47-4003615 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2025: Form 990 for calendar year 2025, object 202632619349300208 · read the filing
  • 2024: Form 990 for calendar year 2024, object 202512969349301421 · read the filing
  • 2023: Form 990 for calendar year 2023, object 202403109349304100 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202302589349302255 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202213149349304611 · read the filing
  • 2020: Form 990 for calendar year 2020 (amended), object 202123199349322502 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202023109349301522 · read the filing

All filings for EIN 47-4003615: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.