Growth Enterprises Nashville Inc Association

Analysis

Growth Enterprises Nashville Inc Association is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in December 1987, 39 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Growth Enterprises Nashville Inc Association reported income of $869k and spending of $1.4m, spending 157% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $305k to $869k (+185%), an average of +30% a year. The sharpest change came in the year to September 2022, when income rose by 97%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Growth Enterprises Nashville Inc Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Ser-Jobs for Progress National Inc ($868k), Oregon and SW Washington Roofers and Water Proofers Apprenticeships ($869k) and Apollo Foundation Inc ($868k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $268k (20% of expenses). Other salaries and wages came to $250k. At year end it held assets of $911k against liabilities of $111k, net assets of $800k. It reported 6 employees.