Center for Growth and Independence

Analysis

Center for Growth and Independence is a registered charity in United States, based in Benton Harbor, MI. It received its IRS tax-exemption ruling in February 1974, 52 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 September 2023, Center for Growth and Independence reported income of $2.2m and spending of $1.9m, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $2.2m (+3.9%), an average of +1.0% a year. The sharpest change came in the year to September 2023, when income rose by 45%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center for Growth and Independence sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Maine Manufacturing Extension Partnership ($2.2m), The Acceleration Project Inc ($2.2m) and Jackson County Economic Development Foundation Inc ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $102k (5.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.4m against liabilities of $467k, net assets of $976k. It reported 105 employees.