Grow Into You Foundation Inc

Analysis

Grow Into You Foundation Inc is a registered charity in United States, based in Brandon, FL. It received its IRS tax-exemption ruling in March 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 (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 Into You Foundation Inc reported income of $176k and spending of $214k, spending 122% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $225k to $176k (-22%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grow Into You Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Families of Slain Children Inc ($176k), New Horizon Thrift Store ($176k) and Westport Food Pantry Inc ($176k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $90k against liabilities of $73k, net assets of $17k.