Growgood Inc

Analysis

Growgood Inc is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Growgood Inc reported income of $354k and spending of $380k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $348k to $354k (+1.7%), an average of +0.6% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Growgood Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include St John the Baptist Conference Folsom Society of St Vincent Depau ($354k), Green Haven Family Advocates Inc ($354k) and Shoulder 2 Shoulder ($354k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $97k (26% of expenses). Other salaries and wages came to $135k. At year end it held assets of $436k against liabilities of $0, net assets of $436k. It reported 17 employees.