Growing Years Childrens Academy

Analysis

Growing Years Childrens Academy is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Growing Years Childrens Academy reported income of $207k and spending of $208k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $207k to $207k (-0.5%), an average of -0.5% a year. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Growing Years Childrens Academy sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Suwannee Foundation for Excellence in Education Inc ($206k), Magnolia Support Group ($207k) and Sanctuary in the Ordinary ($206k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $77k (37% of expenses). Other salaries and wages came to $32k. At year end it held assets of $21k against liabilities of $2,252, net assets of $18k. It reported 6 employees.