Grow Grand Island

Analysis

Grow Grand Island is a registered charity in United States, based in Grand Island, NE. It received its IRS tax-exemption ruling in February 2017, 9 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 December 2023, Grow Grand Island reported income of $1.2m and spending of $1.5m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $1.2m (+1141%), an average of +88% a year. The sharpest change came in the year to December 2022, when income rose by 872%. Over the whole period it spent 125% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grow Grand Island sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NE. Charities of a similar size with the same main cause include Hbcu Founders Initiative ($1.2m), Avery Association for Exceptional Citizens Inc ($1.2m) and City Club of Chicago ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $398k against liabilities of $0, net assets of $398k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.