Public Charity

GROUNDSWELL CAPITAL

GROUNDSWELL CAPITAL, of TUCSON, AZ, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $1.1M in revenue, $592K in expenses, $13.8M in total assets. 2 publicly reported grants to this organization, totaling roughly $85K, appear in IRS filings.

EIN: 861017490 TUCSON, AZ Housing Development, Construction & Management NTEE: L20 Latest filing: 2025
Total Revenue$1.1M
Total Expenses$592K
Total Assets$13.8M
Grant Records2
Funding Total$85K
Filing Years2023–2025

Mission

GROUNDSWELL CAPITAL IS AN ARIZONA-BASED 501(C)(3) NONPROFIT LENDER FOCUSED ON CREATING INNOVATIVE, BLENDED CAPITAL SOLUTIONS TO TACKLE OUR COMMUNITIES' BIGGEST CHALLENGES AND INVEST IN A VIBRANT, CLEAN ECONOMY WHERE ALL RESIDENTS CAN PROSPER.

Where $100 goes at Groundswell Capital

How Groundswell Capital divides every $100 it spends, from its own Form 990 filings, averaged across 3 years.

$98 Programs the work itself
$2 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $98 for programs

$50
Community grants
51% of program spending
$25
Small business loans
26% of program spending
$21
Education and workshops
21% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARD MEMBER Amber Cordoba
PRESIDENT Andrea Thompson
BOARD MEMBER Angelo Torrealba
BOARD MEMBER Anne Dougherty
VICE-PRESIDENT Dave Dicosola
BOARD MEMBER Mark Mansfield

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$85,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $1.1M $592K $13.8M
2024 $2.4M $1.0M $3.2M
2023 $1.0M $584K $987K

Between 2023 and 2025, reported annual revenue grew from $1.0M to $1.1M (+6%), with total assets most recently reported at $13.8M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for GROUNDSWELL CAPITAL

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