Grow Logan County Foundation

Analysis

Grow Logan County Foundation is a registered charity in United States, based in Oakley, KS. It received its IRS tax-exemption ruling in April 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grow Logan County Foundation reported income of $214k and spending of $43k, leaving 80% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $274k to $214k (-22%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 12% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grow Logan County Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within KS. Charities of a similar size with the same main cause include Downtown Smithfield Development Corporation ($213k), Boonslick Community Development Corporation ($214k) and Washington State Firefighters Training and Education Fund ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $12k (29% of expenses). At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.