Growing the Distance Inc

Analysis

Growing the Distance Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 the Distance Inc reported income of $265k and spending of $287k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $184k to $265k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Growing the Distance Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Lanto Griffin Foundation ($265k), Loomis Basin Dolphins Inc ($266k) and Edgecombe County Public Schools Educational Foundation ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $100k (35% of expenses). Other salaries and wages came to $43k. At year end it held assets of $49k against liabilities of $10k, net assets of $39k. It reported 7 employees.