Wooster Growth Corporation

Analysis

Wooster Growth Corporation is a registered charity in United States, based in Wooster, OH. It received its IRS tax-exemption ruling in January 1995, 31 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wooster Growth Corporation reported income of $744k and spending of $54k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $354k to $744k (+110%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 313%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wooster Growth Corporation 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 76th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include St Marys Community Foundation ($743k), United Way of Sandusky County Inc ($744k) and Grace of Jesus Christ Crusade ($743k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 70% of the total. At year end it held assets of $4.4m against liabilities of $53k, net assets of $4.3m.