Grow2serve Inc

Analysis

Grow2serve Inc is a registered charity in United States, based in Apple Valley, MN. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Grow2serve Inc reported income of $116k and spending of $119k, spending 102% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $111k to $116k (+4.3%), an average of +4.3% a year. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Grow2serve Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within MN. Charities of a similar size with the same main cause include Kirsten Haglund Foundation ($116k), Turtleback Education Foundation ($116k) and Marshall United Way ($116k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.