Growth Initiative Fund

Analysis

Growth Initiative Fund is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Growth Initiative Fund reported income of $73k and spending of $59k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $83k to $73k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Growth Initiative Fund sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 20th percentile within ND. Charities of a similar size with the same main cause include Code 9 Project Inc ($73k), National Charity League Richardson Area Chapter ($73k) and Clifton Town Meeting ($73k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 13% of the total. At year end it held assets of $8.4m against liabilities of $0, net assets of $8.4m.