Growing Place

Analysis

Growing Place is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in November 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 July 2023, Growing Place reported income of $6.1m and spending of $6.5m, spending 106% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.9m to $6.1m (+108%), an average of +20% a year. The sharpest change came in the year to July 2022, when income rose by 87%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Growing Place sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Divined Company ($6.1m), Teak Fellowship Inc ($6.1m) and Youth Town of Tennessee Inc ($6.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $207k (3.2% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $4.0m against liabilities of $396k, net assets of $3.6m. It reported 104 employees.