Lynchburg Grows

Analysis

Lynchburg Grows is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Lynchburg Grows reported income of $680k and spending of $578k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $451k to $680k (+51%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 68% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lynchburg Grows sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Girls on the Run of South Central Wisconsin Incorporated ($680k), Urban Bridge ($680k) and Ladies Auxiliary of the Boys & Girls Clubs of Arlington Inc ($680k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Other salaries and wages came to $273k. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m. It reported 19 employees.