Room to Grow National Inc

Analysis

Room to Grow National Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Room to Grow National Inc reported income of $13.6m and spending of $7.3m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.3m to $13.6m (+115%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 188%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Room to Grow National Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Young Mens and Young Womens Hebrew Association of Washington Heights ($13.6m), Good Shepherd Home ($13.6m) and Fulton-Atlanta Community Action Authority Inc ($13.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $543k (7.5% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $17.0m against liabilities of $3.0m, net assets of $14.1m. It reported 64 employees.