Growth Sector Company

Analysis

Growth Sector Company is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover employment, which this site groups under community and economic 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, Growth Sector Company reported income of $2.7m and spending of $2.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.7m (+104%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Growth Sector Company sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Southwest Virginia Workforce Development Board ($2.7m), Marshall Heights Community Development Organization ($2.7m) and Rising Star Resource Development Corporation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $496k (18% of expenses). Other salaries and wages came to $415k. At year end it held assets of $3.2m against liabilities of $30k, net assets of $3.2m. It reported 7 employees.