A Growing Place Inc

Analysis

A Growing Place Inc is a registered charity in United States, based in Novi, MI. It received its IRS tax-exemption ruling in August 1973, 53 years ago. 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 August 2023, A Growing Place Inc reported income of $746k and spending of $527k, leaving 29% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $564k to $746k (+32%), an average of +7.2% a year. The sharpest change came in the year to August 2022, when income rose by 75%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, A Growing Place 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 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Society of Black Academic Surgeons Inc ($746k), Foundation of Monroe County Community Schools Inc ($746k) and Grace International Churches and Ministries Inc ($746k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 36% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $105k (20% of expenses). Other salaries and wages came to $265k. At year end it held assets of $870k against liabilities of $31k, net assets of $838k. It reported 22 employees.