Grow Licking County

Analysis

Grow Licking County is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in July 2013, 13 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 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, Grow Licking County reported income of $451k and spending of $462k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $368k to $451k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2022, when income rose by 21%. 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, Grow Licking County sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Flatbush Nostrand Junction District Management Association Inc ($451k), Greater Trenton Inc ($452k) and Mount Washington Community Development Corporation ($451k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $120k (26% of expenses). Other salaries and wages came to $109k. At year end it held assets of $279k against liabilities of $10k, net assets of $269k. It reported 3 employees.