Growtorah Inc

Analysis

Growtorah Inc is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Growtorah Inc reported income of $950k and spending of $918k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $244k to $950k (+290%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 172%. Over the whole period it spent 89% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Growtorah Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Virginia Conservation Network ($950k), Waste to Charity Inc ($952k) and Utility Arborist Association ($950k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $223k (24% of expenses). Other salaries and wages came to $392k. At year end it held assets of $502k against liabilities of $73k, net assets of $430k. It reported 8 employees.