Winter Growth Inc

Analysis

Winter Growth Inc is a registered charity in United States, based in Olney, MD. It received its IRS tax-exemption ruling in November 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Winter Growth Inc reported income of $5.1m and spending of $5.4m, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.6m to $5.1m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Winter Growth Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Sunset Home Inc ($5.1m), The Village Arts and Humanities ($5.1m) and Finger Lakes Independence Center ($5.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $133k (2.5% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $3.9m against liabilities of $2.1m, net assets of $1.8m. It reported 134 employees.