Growth Philanthropy Network Inc

Analysis

Growth Philanthropy Network Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2005, 21 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, Growth Philanthropy Network Inc reported income of $989k and spending of $1.3m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $989k (-50%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Growth Philanthropy Network Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($989k), Boy Scouts of America ($989k) and Milbank High School Educational Foundation ($989k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $349k (27% of expenses). Other salaries and wages came to $279k. At year end it held assets of $978k against liabilities of $55k, net assets of $924k. It reported 8 employees.