Growing Place

Analysis

Growing Place is a registered charity in United States, based in Dekalb, IL. It received its IRS tax-exemption ruling in December 1973, 53 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Growing Place reported income of $1.2m and spending of $1.5m, spending 117% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.2m to $1.2m (+7.0%), an average of +1.7% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Growing Place sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Pittsburgh Film Makers Inc ($1.2m), Virginia Public Access Project ($1.2m) and Hemophilia Association of New Jersey ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $80k (5.5% of expenses). Other salaries and wages came to $919k. At year end it held assets of $651k against liabilities of $108k, net assets of $543k. It reported 43 employees.