Groovy Caring & Giving Fund is a 501(c)(3) organization based in Dallas, Texas, registered in 2021, with $25,000 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$25K
▼ 94.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$22K
Net assets
$15K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Groovy Caring & Giving Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Groovy Caring & Giving Fund: 8 mo reserves · +12% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Groovy Caring & Giving Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Groovy Caring & Giving Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Revenue grew from $22K (FY2022) to $25K (FY2024) across 3 reported years.
Financial snapshot
Operating margin
12.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$17K
Total liabilities
$1,575
Net assets
$15K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $25,000▼94.4% | $21,897▼96.4% | $15,367▲25.3% | $16,942▲23.1% | 990EZ |
| 2023 | $449,861▲1989% | $600,846▲1197% | $12,264▼92.5% | $13,764▼91.6% | 990 |
| 2022 | $21,538 | $46,320 | $163,249 | $163,249 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
2 grants to Groovy Caring & Giving Fund totaling $98K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $15,000 |
| Paypal Charitable Giving Fund | General support | 2021 | $83,170 |
Explore more
Data for Groovy Caring & Giving Fund (EIN 82-3334205) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.