Grow Hays

Analysis

Grow Hays is a registered charity in United States, based in Hays, KS. It received its IRS tax-exemption ruling in October 2021, 5 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 (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, Grow Hays reported income of $2.9m and spending of $622k, leaving 78% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.7m to $2.9m (+8.6%), an average of +8.6% a year. Over the whole period it spent 20% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grow Hays sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KS. Charities of a similar size with the same main cause include Empac Group Inc ($2.9m), Communites in Schools Southeast Texas Inc ($2.9m) and Hyattsville Community Development Corporation ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $145k (23% of expenses). Other salaries and wages came to $216k. At year end it held assets of $7.5m against liabilities of $1.4m, net assets of $6.1m. It reported 4 employees.