Growing Home Inc

Analysis

Growing Home Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1993, 33 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 (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, Growing Home Inc reported income of $4.2m and spending of $2.4m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $4.2m (+104%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Growing Home Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Able Industries Inc ($4.2m), Non Traditional Employment for Women ($4.2m) and Trust Neighborhoods ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.9% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $6.3m against liabilities of $607k, net assets of $5.7m. It reported 30 employees.