Grow More Foundation Inc

Analysis

Grow More Foundation Inc is a registered charity in United States, based in Commack, NY. It received its IRS tax-exemption ruling in August 2017, 9 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 More Foundation Inc reported income of $108k and spending of $37k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $90k to $108k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2023, when income rose by 352%. Over the whole period it spent 40% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grow More Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Noble Family Violence Council ($108k), Florida Presbyterian Disaster Assistance Network ($108k) and Brazos Valley Pet Inc ($108k).

At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.