Growurpotential

Analysis

Growurpotential is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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, Growurpotential reported income of $579k and spending of $577k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $433k to $579k (+34%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Growurpotential sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Lake Highlands Wildcat Club ($579k), Jaffrey-Rindge Memorial Ambulance Inc ($579k) and Northwest Public Affairs Network ($579k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $259k. At year end it held assets of $25k against liabilities of $312, net assets of $25k. It reported 18 employees.