The Growing Concern Inc

Analysis

The Growing Concern Inc is a registered charity in United States, based in Tannersville, PA. It received its IRS tax-exemption ruling in June 1980, 46 years ago. 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 May 2024, The Growing Concern Inc reported income of $355k and spending of $383k, spending 108% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $334k to $355k (+6.4%), an average of +1.6% a year. The sharpest change came in the year to May 2023, when income rose by 19%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Growing Concern Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include The San Jose Arena Authority ($355k), Salt Ministries ($355k) and Muncy Public Library ($355k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $219k (57% of expenses). Other salaries and wages came to $44k. At year end it held assets of $222k against liabilities of $280k, net assets of -$58k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.