Ready Set Grow Inc

Analysis

Ready Set Grow Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Ready Set Grow Inc reported income of $2.4m and spending of $1.9m, leaving 21% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income grew from $1.6m to $2.4m (+49%), an average of +14% a year. The sharpest change came in the year to August 2021, when income rose by 66%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ready Set Grow Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Western Ohio Educational Foundation ($2.4m), Library Company of Philadelphia ($2.4m) and American Brownstone Institute ($2.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.8% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $133k (6.8% of expenses). Other salaries and wages came to $391k. At year end it held assets of $1.0m against liabilities of $110k, net assets of $890k. It reported 88 employees.