Growers Inc

Analysis

Growers Inc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Growers Inc reported income of $974k and spending of $941k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $359k to $974k (+171%), an average of +28% a year. The sharpest change came in the year to June 2020, when income rose by 122%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Growers Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Raiseup Families ($974k), Young Mens Christan Association of Geneva New York Inc ($974k) and P2l Inc ($974k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $265k (28% of expenses). Other salaries and wages came to $376k. At year end it held assets of $345k against liabilities of $189k, net assets of $156k. It reported 50 employees.