Grow

Analysis

Grow is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 reported income of $2.1m and spending of $270k, leaving 87% of income unspent that year. Across the 6 years on record, from September 2019 to December 2023, income grew from $285k to $2.1m (+651%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 1149%. Over the whole period it spent 22% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Grow 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 86th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include High Point Downtown Stadium Foundation ($2.1m), Boys & Girls Clubs of Greater Scottsdale Foundation ($2.1m) and Angels Unaware ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.4% of the total. At year end it held assets of $5.6m against liabilities of $159k, net assets of $5.4m.