Grow Oak Ridge LLC

Analysis

Grow Oak Ridge LLC is a registered charity in United States, based in Oak Ridge, TN. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover food, agriculture and nutrition, 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 Oak Ridge LLC reported income of $72k and spending of $59k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $72k (-1.3%), an average of -1.3% a year. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grow Oak Ridge LLC sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within TN. Charities of a similar size with the same main cause include Eat for Equity Inc ($72k), S a H a R a Humanitarian Resource Inc ($72k) and Northeast Disabled Athletic Association Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 15% of the total. At year end it held assets of $53k against liabilities of $4,097, net assets of $49k.