Growing Place Inc

Analysis

Growing Place Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in December 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Growing Place Inc reported income of $376k and spending of $415k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $300k to $376k (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Growing Place Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Northwest Federal Credit Union Foundation ($376k), Mr and Ms Mentoring Inc ($377k) and Georgia Food Industry Education Foundation Inc ($376k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $60k (15% of expenses). Other salaries and wages came to $187k. At year end it held assets of $53k against liabilities of $5,750, net assets of $48k. It reported 10 employees.