A Growing Culture Inc

Analysis

A Growing Culture Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in October 2011, 15 years ago. 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, A Growing Culture Inc reported income of $394k and spending of $545k, spending 138% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $490k to $394k (-19%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, A Growing Culture Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include 4-H Clubs & Affiliated 4-H Organizations ($394k), The Literacy Council of Sarasota Inc ($394k) and Arts Council of Wayne County ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $66k (12% of expenses). Other salaries and wages came to $58k. At year end it held assets of $188k against liabilities of $43k, net assets of $145k. It reported 3 employees.