Growing Home Inc

Analysis

Growing Home Inc is a registered charity in United States, based in Westminster, CO. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Home Inc reported income of $4.2m and spending of $4.3m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.2m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Growing Home Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Saiva Siddhantha Ashram ($4.2m), Domestic Violence Action Center ($4.2m) and Bais Yaakov Highschool of Chicago Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $365k (8.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.0m against liabilities of $431k, net assets of $3.5m. It reported 44 employees.