Grow Home Inc

Analysis

Grow Home Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Grow Home Inc reported income of $697k and spending of $676k, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $265k to $697k (+163%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grow Home Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Central California Art League Inc ($697k), Fairbanks Childrens Museum ($697k) and Arts League of Michigan Inc ($697k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $67k (9.9% of expenses). Other salaries and wages came to $345k. At year end it held assets of $265k against liabilities of $0, net assets of $265k. It reported 31 employees.