Grow International Ministries

Analysis

Grow International Ministries is a registered charity in United States, based in Palm Coast, FL. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 International Ministries reported income of $109k and spending of $117k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $236k to $109k (-54%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grow International Ministries sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include Masjid-Oumar-Al Foutiyou ($109k), Thanh-Hoa Project Foundation ($109k) and Temple of Victory Deliverance House of Prayer ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,047 against liabilities of $0, net assets of $2,047.

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.