Institute for Growth and Development

Analysis

Institute for Growth and Development is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2015, 11 years ago. 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, Institute for Growth and Development reported income of $103k and spending of $123k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $122k to $103k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute for Growth and Development sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include First Presbyterian Soc TR Ua P61254002 ($103k), New Pioneers for a Sustainable Future Inc ($103k) and Red White & Bluma Inc ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 95% of the total. At year end it held assets of $56k against liabilities of $467, net assets of $56k.