Grow It Forward

Analysis

Grow It Forward is a registered charity in United States, based in Manitowoc, WI. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grow It Forward reported income of $1.6m and spending of $1.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $284k to $1.6m (+457%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 257%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grow It Forward sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include The Point Arc of Northern Kentucky Inc ($1.6m), Plant It Forward ($1.6m) and Carlisle Day Care Center ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $54k (3.5% of expenses). Other salaries and wages came to $276k. At year end it held assets of $881k against liabilities of $358k, net assets of $523k. It reported 26 employees.