Growthworks Inc

Analysis

Growthworks Inc is a registered charity in United States, based in Victor, NY. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Growthworks Inc reported income of $72k and spending of $62k, spending 86% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $64k to $72k (+11%), an average of +11% a year. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Growthworks Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Music on Stage Inc ($72k), South Coast Singers ($72k) and Artslink Inc ($72k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $26k against liabilities of $15k, net assets of $10k.