Grow America Fund Inc
Grow America Fund Inc. consistently reports zero officer compensation amidst fluctuating revenues and significant asset variations.
EIN: 133641265 · New York, NY · NTEE: S31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $3.5M |
| Program Spending | 90% |
| Net Assets | $19.8M |
| Transparency Score | 85/100 |
Is Grow America Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grow America Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grow America Fund Inc
Grow America Fund Inc (EIN: 133641265) is a nonprofit organization based in New York, NY, classified under NTEE code S31. The organization reported total revenue of $3.5M and total assets of $45.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grow America Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grow America Fund Inc is a mid-size nonprofit that has been operating for 13 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$461K |
| Total Assets | $46.6M |
| Total Liabilities | $26.8M |
| Net Assets | $19.8M |
| Operating Margin | 11.7% |
| Debt-to-Asset Ratio | 57.5% |
| Months of Reserves | 161.5 months |
Financial Health Grade: A
In 2023, Grow America Fund Inc reported a surplus of $461K with revenue exceeding expenses, holds 161.5 months of operating reserves (strong position), has a debt-to-asset ratio of 57.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Grow America Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.2% | -19.4% | -13.7% |
| 2022 | -68.8% | -11.9% | -62.5% |
| 2021 | +144.9% | +9.9% | +4.2% |
| 2020 | +33.7% | -21.9% | +189.2% |
| 2019 | -29.6% | +15.2% | -20.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Grow America Fund Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Grow America Fund Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $461K, with revenue exceeding expenses.
- Debt-to-asset ratio: 57.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization of this size with assets reaching tens of millions.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Grow America Fund Inc's IRS 990 filings:
- Significant year-over-year fluctuations in assets and liabilities without clear context in the provided data.
- Expenses exceeded revenue in 2022 ($4,293,994 vs. $3,801,712), indicating a deficit for that period.
Strengths
The following positive indicators were identified for Grow America Fund Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating high financial integrity and mission focus.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
- Positive net income in 2023 ($3,921,676 revenue vs. $3,460,919 expenses).
Frequently Asked Questions about Grow America Fund Inc
Is Grow America Fund Inc a legitimate charity?
Grow America Fund Inc (EIN: 133641265) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.5M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Grow America Fund Inc spend its money?
Grow America Fund Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Grow America Fund Inc tax-deductible?
Grow America Fund Inc is registered as a tax-exempt nonprofit (EIN: 133641265). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Grow America Fund Inc's spending goes to programs?
Grow America Fund Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Grow America Fund Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Grow America Fund Inc is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grow America Fund Inc located?
Grow America Fund Inc is headquartered in New York, New York and files with the IRS under EIN 133641265. It is classified under NTEE code S31.
How many years of IRS 990 filings does Grow America Fund Inc have?
Grow America Fund Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.5M in total revenue.
Is Grow America Fund Inc. a good charity?
Based on the available data, Grow America Fund Inc. exhibits strong indicators of financial integrity due to its consistent reporting of 0% officer compensation. While revenue and asset figures fluctuate, the lack of executive pay suggests a high dedication to its mission. Further analysis of program specifics would be beneficial.
Why are assets and liabilities so high and variable?
The organization's assets and liabilities show significant variability, peaking in 2021 with assets at $143,748,091 and liabilities at $123,931,549. This could indicate involvement in significant loan programs, capital-intensive projects, or holding substantial funds for specific initiatives. A deeper dive into the nature of these assets and liabilities would clarify their purpose.
What is the primary source of their revenue?
The provided data only shows total revenue figures. To understand the primary source of revenue (e.g., grants, contributions, program service revenue), one would need to examine the detailed revenue breakdown within the IRS 990 filings.
Filing History
IRS 990 filing history for Grow America Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grow America Fund Inc's revenue has declined by 54.2%, moving from $8.6M to $3.9M. Total assets decreased by 36.7% over the same period, from $73.6M to $46.6M. Total functional expenses rose by 127.3%, from $1.5M to $3.5M. In its most recent filing year (2023), Grow America Fund Inc reported a surplus of $461K, with revenue exceeding expenses. The organization holds $26.8M in liabilities against $46.6M in assets (debt-to-asset ratio: 57.5%), resulting in net assets of $19.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $3.5M | $46.6M | $26.8M | — | — |
| 2022 | $3.8M | $4.3M | $54.0M | $34.6M | — | View 990 |
| 2021 | $12.2M | $4.9M | $143.7M | $123.9M | — | View 990 |
| 2020 | $5.0M | $4.4M | $138.0M | $125.5M | — | View 990 |
| 2019 | $3.7M | $5.7M | $47.7M | $35.7M | — | View 990 |
| 2018 | $5.3M | $4.9M | $59.8M | $45.8M | — | View 990 |
| 2017 | $5.7M | $4.9M | $62.6M | $49.0M | — | — |
| 2016 | $4.8M | $5.0M | $65.8M | $53.0M | — | View 990 |
| 2015 | $4.4M | $5.5M | $64.9M | $51.9M | — | View 990 |
| 2014 | $9.1M | $5.5M | $94.2M | $80.8M | — | View 990 |
| 2013 | $7.4M | $7.3M | $92.9M | $81.2M | — | View 990 |
| 2012 | $5.9M | $6.2M | $78.6M | $59.8M | — | View 990 |
| 2011 | $8.6M | $1.5M | $73.6M | $54.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $3.5M, and assets of $46.6M (revenue +3.2% year-over-year).
- 2022: Revenue of $3.8M, expenses of $4.3M, and assets of $54.0M (revenue -68.8% year-over-year).
- 2021: Revenue of $12.2M, expenses of $4.9M, and assets of $143.7M (revenue +144.9% year-over-year).
- 2020: Revenue of $5.0M, expenses of $4.4M, and assets of $138.0M (revenue +33.7% year-over-year).
- 2019: Revenue of $3.7M, expenses of $5.7M, and assets of $47.7M (revenue -29.6% year-over-year).
- 2018: Revenue of $5.3M, expenses of $4.9M, and assets of $59.8M (revenue -7.6% year-over-year).
- 2017: Revenue of $5.7M, expenses of $4.9M, and assets of $62.6M (revenue +19.7% year-over-year).
- 2016: Revenue of $4.8M, expenses of $5.0M, and assets of $65.8M (revenue +7.6% year-over-year).
- 2015: Revenue of $4.4M, expenses of $5.5M, and assets of $64.9M (revenue -51.1% year-over-year).
- 2014: Revenue of $9.1M, expenses of $5.5M, and assets of $94.2M (revenue +22.2% year-over-year).
- 2013: Revenue of $7.4M, expenses of $7.3M, and assets of $92.9M (revenue +26.7% year-over-year).
- 2012: Revenue of $5.9M, expenses of $6.2M, and assets of $78.6M (revenue -31.5% year-over-year).
- 2011: Revenue of $8.6M, expenses of $1.5M, and assets of $73.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grow America Fund Inc:
Data Sources and Methodology
This transparency report for Grow America Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.