Growing Places

Analysis

Growing Places is a registered charity in United States, based in Lee, NH. It received its IRS tax-exemption ruling in November 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Growing Places reported income of $1.3m and spending of $1.4m, spending 111% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.4m to $1.3m (-11%), an average of -2.9% a year. The sharpest change came in the year to August 2021, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Growing Places sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NH. Charities of a similar size with the same main cause include Flint Hills Coordinated Transit Council Inc ($1.3m), Sowing Empowerment and Economic Development Inc ($1.3m) and Friends of New Milford Inc ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $79k (5.6% of expenses). Other salaries and wages came to $812k. At year end it held assets of $2.3m against liabilities of $1.2m, net assets of $1.1m. It reported 76 employees.