The Growhaus

Analysis

The Growhaus is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 2006, 20 years ago. 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 February 2024, The Growhaus reported income of $3.5m and spending of $3.2m, spending 91% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $1.6m to $3.5m (+115%), an average of +21% a year. The sharpest change came in the year to February 2021, when income rose by 54%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Growhaus sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Mercy Research ($3.5m), The Barnesville School Inc ($3.5m) and Work to Ride Inc ($3.5m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $115k (3.6% of expenses). Other salaries and wages came to $677k. At year end it held assets of $4.4m against liabilities of $373k, net assets of $4.0m. It reported 25 employees.