Grow Mongolia Inc

Analysis

Grow Mongolia Inc is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Grow Mongolia Inc reported income of $218k and spending of $194k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $218k (+92%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grow Mongolia Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include Mooresville Artist Guild ($218k), Dzanc Books Inc ($218k) and Eldorado Band Booster Club ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $68k (35% of expenses). It paid $35k in professional fundraising fees. At year end it held assets of $48k against liabilities of $211, net assets of $48k. It reported 1 employees.