Grow & Lead - Community and Youth Development

Analysis

Grow & Lead - Community and Youth Development is a registered charity in United States, based in Marquette, MI. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Grow & Lead - Community and Youth Development reported income of $1.0m and spending of $550k, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $704k to $1.0m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Grow & Lead - Community and Youth Development sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Legacy Endowment-The Community Foundation ($1.0m), Bethshan Foundation ($1.0m) and San Diego Womens Foundation ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $87k (16% of expenses). Other salaries and wages came to $199k. At year end it held assets of $11.0m against liabilities of $38k, net assets of $11.0m. It reported 6 employees.