Grow Benzie Inc

Analysis

Grow Benzie Inc is a registered charity in United States, based in Benzonia, MI. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, 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, Grow Benzie Inc reported income of $389k and spending of $314k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $199k to $389k (+96%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grow Benzie 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 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Biotechnology Incubator at Nymc Inc ($389k), Reuse Works ($390k) and Carroll Technology Council Inc ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 14% of the total. Other salaries and wages came to $82k. At year end it held assets of $442k against liabilities of $104k, net assets of $338k. It reported 2 employees.