Ready Set Grow Inc

Analysis

Ready Set Grow Inc is a registered charity in United States, based in Storm Lake, IA. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover human services, 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, Ready Set Grow Inc reported income of $224k and spending of $380k, spending 170% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $343k to $224k (-35%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ready Set Grow Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within IA. Charities of a similar size with the same main cause include Victory Hill Therapeutic Horsemanship Inc ($224k), Rancho LA Ministries Inc ($224k) and Solace Charities Inc ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $39k (10% of expenses). At year end it held assets of $12k against liabilities of $0, net assets of $12k. It reported 31 employees.