Project Grow

Analysis

Project Grow is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in July 1973, 53 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 December 2023, Project Grow reported income of $63k and spending of $72k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $63k (-0.9%), an average of -0.9% a year. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Grow sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within MI. Charities of a similar size with the same main cause include Conneaut Local Youth Organization ($63k), South Lyon Area Youth Assistance ($63k) and Heavenly Pet Sanctuary ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.