Growco Columbia Inc
EIN: 842927926 · Columbia, SC · NTEE: S43
| Metric | Value |
|---|---|
| Total Revenue | $493K |
| Total Expenses | $223K |
| Net Assets | $415K |
Is Growco Columbia Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Growco Columbia Inc
Growco Columbia Inc (EIN: 842927926) is a nonprofit organization based in Columbia, SC, classified under NTEE code S43. The organization reported total revenue of $493K and total assets of $351K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Growco Columbia Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Growco Columbia Inc is a small nonprofit that has been operating for 7 years, with 3 years of IRS 990 filings on record (2020–2022). Revenue has grown at a compound annual rate of 123.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $602K |
| Total Expenses | $223K |
| Surplus / Deficit | +$379K |
| Total Assets | $465K |
| Total Liabilities | $50K |
| Net Assets | $415K |
| Operating Margin | 62.9% |
| Debt-to-Asset Ratio | 10.8% |
| Months of Reserves | 25.0 months |
Financial Health Grade: A
In 2022, Growco Columbia Inc reported a surplus of $379K with revenue exceeding expenses, holds 25.0 months of operating reserves (strong position), has a debt-to-asset ratio of 10.8% (very low leverage).
Financial Trends
Over 3 years of filings (2020–2022), Growco Columbia Inc's revenue has grown at a compound annual growth rate (CAGR) of 123.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +245.7% | +29.0% | +1191.5% |
| 2021 | +44.8% | +102.0% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Growco Columbia 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 Growco Columbia 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $379K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.8%.
Frequently Asked Questions about Growco Columbia Inc
Is Growco Columbia Inc a legitimate charity?
Growco Columbia Inc (EIN: 842927926) is a registered tax-exempt nonprofit based in South Carolina. It has 3 years of IRS 990 filings on record. Total revenue: $493K. No red flags identified. Financial health grade: A.
How does Growco Columbia Inc spend its money?
Growco Columbia Inc reported $493K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Growco Columbia Inc tax-deductible?
Growco Columbia Inc is registered as a tax-exempt nonprofit (EIN: 842927926). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Growco Columbia Inc located?
Growco Columbia Inc is headquartered in Columbia, South Carolina and files with the IRS under EIN 842927926. It is classified under NTEE code S43.
How many years of IRS 990 filings does Growco Columbia Inc have?
Growco Columbia Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $493K in total revenue.
Filing History
IRS 990 filing history for Growco Columbia Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2020–2022), Growco Columbia Inc's revenue has grown by 400.6%, moving from $120K to $602K. Total assets increased by 1194.4% over the same period, from $36K to $465K. Total functional expenses rose by 160.5%, from $86K to $223K. In its most recent filing year (2022), Growco Columbia Inc reported a surplus of $379K, with revenue exceeding expenses. The organization holds $50K in liabilities against $465K in assets (debt-to-asset ratio: 10.8%), resulting in net assets of $415K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $602K | $223K | $465K | $50K | — | View 990 |
| 2021 | $174K | $173K | $36K | $0 | — | View 990 |
| 2020 | $120K | $86K | $36K | $1K | — | — |
Year-by-Year Financial Summary
- 2022: Revenue of $602K, expenses of $223K, and assets of $465K (revenue +245.7% year-over-year).
- 2021: Revenue of $174K, expenses of $173K, and assets of $36K (revenue +44.8% year-over-year).
- 2020: Revenue of $120K, expenses of $86K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Growco Columbia Inc:
Data Sources and Methodology
This transparency report for Growco Columbia 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.