Grow2zero Farms

Analysis

Grow2zero Farms is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Grow2zero Farms reported income of $459k and spending of $470k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $177k to $459k (+159%), an average of +61% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grow2zero Farms sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Herrin House of Hope ($459k), We Defy ($459k) and Migrant Farmworkers Assistance Fund ($459k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $245k (52% of expenses). Other salaries and wages came to $52k. At year end it held assets of $92k against liabilities of $72k, net assets of $19k. It reported 13 employees.