Growing High Point

Analysis

Growing High Point is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in May 2019, 7 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, Growing High Point reported income of $586k and spending of $406k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $324k to $586k (+81%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Growing High Point sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Cheatham County Community Enhancement Coalition ($586k), Heritage Preservation Inc ($586k) and Community Development Resources ($585k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $12k (2.8% of expenses). Other salaries and wages came to $123k. At year end it held assets of $401k against liabilities of $0, net assets of $401k. It reported 13 employees.