Geauga Growth Partnership Inc

Analysis

Geauga Growth Partnership Inc is a registered charity in United States, based in Newbury, OH. It received its IRS tax-exemption ruling in March 2011, 15 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, Geauga Growth Partnership Inc reported income of $676k and spending of $629k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $453k to $676k (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Geauga Growth Partnership Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Bean Path ($676k), Community Development Corproation of Leesburg and Vicinity Inc ($676k) and Empac Employment Resources Inc ($676k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $99k (16% of expenses). Other salaries and wages came to $211k. At year end it held assets of $756k against liabilities of $0, net assets of $756k. It reported 10 employees.