Grow Utah Ventures Inc
EIN: 271419686 · Kaysville, UT · NTEE: S30
| Metric | Value |
|---|---|
| Total Revenue | $117K |
| Total Expenses | $296K |
| Net Assets | $102K |
Is Grow Utah Ventures Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grow Utah Ventures Inc
Grow Utah Ventures Inc (EIN: 271419686) is a nonprofit organization based in Kaysville, UT, classified under NTEE code S30. The organization reported total revenue of $117K and total assets of $67K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grow Utah Ventures Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grow Utah Ventures Inc is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $280K |
| Total Expenses | $296K |
| Surplus / Deficit | $-16,027 |
| Total Assets | $105K |
| Total Liabilities | $2K |
| Net Assets | $102K |
| Operating Margin | -5.7% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 4.3 months |
Financial Health Grade: B
In 2023, Grow Utah Ventures Inc reported a deficit of $16K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Grow Utah Ventures Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.5% | +79.0% | -16.7% |
| 2022 | -4.1% | -32.6% | +159.4% |
| 2021 | +4.2% | -4.8% | +6.7% |
| 2020 | -1.0% | +23.0% | -29.8% |
| 2019 | +238.7% | +23.4% | +94.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grow Utah Ventures Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Grow Utah Ventures Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.3%.
Frequently Asked Questions about Grow Utah Ventures Inc
Is Grow Utah Ventures Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grow Utah Ventures Inc (EIN: 271419686) insufficient data. 0 red flags identified, 0 strengths noted.
How does Grow Utah Ventures Inc spend its money?
Detailed spending breakdown data is not yet available for Grow Utah Ventures Inc. Check back for updated IRS 990 analysis.
Are donations to Grow Utah Ventures Inc tax-deductible?
Grow Utah Ventures Inc is registered as a tax-exempt nonprofit (EIN: 271419686). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grow Utah Ventures Inc located?
Grow Utah Ventures Inc is headquartered in Kaysville, Utah and files with the IRS under EIN 271419686. It is classified under NTEE code S30.
How many years of IRS 990 filings does Grow Utah Ventures Inc have?
Grow Utah Ventures 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 $117K in total revenue.
Filing History
IRS 990 filing history for Grow Utah Ventures Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grow Utah Ventures Inc's revenue has declined by 55.8%, moving from $633K to $280K. Total assets increased by 30.7% over the same period, from $80K to $105K. Total functional expenses fell by 52.9%, from $628K to $296K. In its most recent filing year (2023), Grow Utah Ventures Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $2K in liabilities against $105K in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $102K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $280K | $296K | $105K | $2K | — | — |
| 2022 | $238K | $165K | $126K | $3K | — | View 990 |
| 2021 | $248K | $245K | $48K | $0 | — | View 990 |
| 2020 | $238K | $257K | $45K | $0 | — | View 990 |
| 2019 | $241K | $209K | $65K | $103 | — | View 990 |
| 2018 | $71K | $170K | $33K | $0 | — | View 990 |
| 2017 | $347K | $255K | $132K | $0 | — | View 990 |
| 2016 | $282K | $272K | $39K | $0 | — | View 990 |
| 2015 | $526K | $550K | $43K | $13K | — | View 990 |
| 2014 | $523K | $533K | $54K | $0 | — | View 990 |
| 2013 | $511K | $528K | $64K | $0 | — | View 990 |
| 2012 | $533K | $533K | $81K | $0 | — | View 990 |
| 2011 | $633K | $628K | $80K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $280K, expenses of $296K, and assets of $105K (revenue +17.5% year-over-year).
- 2022: Revenue of $238K, expenses of $165K, and assets of $126K (revenue -4.1% year-over-year).
- 2021: Revenue of $248K, expenses of $245K, and assets of $48K (revenue +4.2% year-over-year).
- 2020: Revenue of $238K, expenses of $257K, and assets of $45K (revenue -1.0% year-over-year).
- 2019: Revenue of $241K, expenses of $209K, and assets of $65K (revenue +238.7% year-over-year).
- 2018: Revenue of $71K, expenses of $170K, and assets of $33K (revenue -79.5% year-over-year).
- 2017: Revenue of $347K, expenses of $255K, and assets of $132K (revenue +23.1% year-over-year).
- 2016: Revenue of $282K, expenses of $272K, and assets of $39K (revenue -46.4% year-over-year).
- 2015: Revenue of $526K, expenses of $550K, and assets of $43K (revenue +0.5% year-over-year).
- 2014: Revenue of $523K, expenses of $533K, and assets of $54K (revenue +2.5% year-over-year).
- 2013: Revenue of $511K, expenses of $528K, and assets of $64K (revenue -4.3% year-over-year).
- 2012: Revenue of $533K, expenses of $533K, and assets of $81K (revenue -15.8% year-over-year).
- 2011: Revenue of $633K, expenses of $628K, and assets of $80K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grow Utah Ventures Inc:
Data Sources and Methodology
This transparency report for Grow Utah Ventures 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.