Community Growth Foundation

Analysis

Community Growth Foundation is a registered charity in United States, based in Littleton, CO. It received its IRS tax-exemption ruling in February 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Growth Foundation reported income of $126k and spending of $1.1m, spending 859% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $126k (-92%), an average of -47% a year. The sharpest change came in the year to December 2021, when income dropped by 109%. Over the whole period it spent 17% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Growth Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 39th percentile within CO. Charities of a similar size with the same main cause include Womans Club of Morristown ($126k), Inclusionbridge Inc ($126k) and Twiga Foundation Inc ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 98% of the total. At year end it held assets of $6.2m against liabilities of $35k, net assets of $6.2m.