Grow Inc

Analysis

Grow Inc is a registered charity in United States, based in Georgetown, OH. It received its IRS tax-exemption ruling in October 1976, 50 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grow Inc reported income of $822k and spending of $887k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $778k to $822k (+5.6%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grow Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Nedc Riverfront Corp ($822k), Wesley House Community Corporation Inc ($822k) and Webster Area Development Corporation Inc ($821k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $58k (6.6% of expenses). Other salaries and wages came to $620k. At year end it held assets of $420k against liabilities of $0, net assets of $420k. It reported 53 employees.