Grow Early Learning Corp

Analysis

Grow Early Learning Corp is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 1982, 44 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, Grow Early Learning Corp reported income of $83.4m and spending of $79.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $49.9m to $83.4m (+67%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grow Early Learning Corp sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Bestself Behavioral Health Inc ($83.4m), Adventist Health Mendocino Coast ($83.4m) and Island Peer Review Organization Inc ($83.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Other salaries and wages came to $51.0m. At year end it held assets of $30.6m against liabilities of $11.0m, net assets of $19.6m. It reported 1,275 employees.