Growingstems Inc

Analysis

Growingstems Inc is a registered charity in United States, based in Hollywood, MD. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Growingstems Inc reported income of $312k and spending of $105k, leaving 67% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $94k to $312k (+232%), an average of +232% a year. The sharpest change came in the year to June 2023, when income rose by 232%. Over the whole period it spent 48% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Growingstems Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Ventura Global Health Project ($312k), Trinity Community Coalition Outreach Inc ($312k) and Bridge Restoration Ministry - Napa ($312k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $265k against liabilities of $0, net assets of $265k.