Grand Forks Growth and Support Center

Analysis

Grand Forks Growth and Support Center is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in September 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 June 2023, Grand Forks Growth and Support Center reported income of $1.7m and spending of $1.8m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $1.7m (+11%), an average of +3.6% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grand Forks Growth and Support Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within ND. Charities of a similar size with the same main cause include No Boundaries Coalition Inc ($1.7m), Monadnock Economic Development Corporation ($1.7m) and Junior League of El Paso Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $248k (14% of expenses). Other salaries and wages came to $928k. At year end it held assets of $633k against liabilities of $84k, net assets of $550k. It reported 43 employees.