A Chance to Grow Inc

Analysis

A Chance to Grow Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 1983, 43 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 June 2024, A Chance to Grow Inc reported income of $6.1m and spending of $6.2m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.8m to $6.1m (+4.9%), an average of +1.0% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, A Chance to Grow Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Prisoners Legal Services of New York Inc ($6.1m), United Animal Nations ($6.1m) and Third Sector Capital Partners Inc ($6.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.9% and program service revenue 83% of the total. Other salaries and wages came to $4.6m. At year end it held assets of $4.3m against liabilities of $962k, net assets of $3.3m. It reported 195 employees.