Growing Home Southeast Inc
Growing Home Southeast Inc shows recent financial growth after periods of fluctuating net income, with no reported officer compensation.
EIN: 201093091 · Cayce, SC · NTEE: P32 · Updated: 2026-03-28
About Growing Home Southeast Inc
Growing Home Southeast Inc (EIN: 201093091) is a nonprofit organization based in Cayce, SC, classified under NTEE code P32. The organization reported total revenue of $4.5M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Growing Home Southeast Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Growing Home Southeast Inc with a Mission Score of 80 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Growing Home Southeast Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization with annual revenues exceeding $5 million. This could indicate that executive leadership is entirely volunteer-based or that compensation is categorized differently, warranting further investigation for full transparency.
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 Growing Home Southeast Inc's IRS 990 filings:
- Consistent 0% reported officer compensation, which may obscure actual leadership costs if not volunteer-led.
- Fluctuating net income in prior years, indicating periods of spending exceeding revenue.
Strengths
The following positive indicators were identified for Growing Home Southeast Inc:
- Significant asset growth in recent years, from $2.39M in 2022 to $4.71M in 2024.
- Positive net income in the most recent filing (202406), with revenues of $6,199,242 exceeding expenses of $5,830,622.
- Consistent operational scale, maintaining revenues generally above $5.5 million annually over the past decade.
Frequently Asked Questions about Growing Home Southeast Inc
How does Growing Home Southeast Inc manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all available filings (2015-2024) suggests either a fully volunteer executive leadership or that executive compensation is reported under other expense categories, such as salaries and wages for program or administrative staff, rather than specifically as officer compensation. This warrants further clarification from the organization.
What caused the significant increase in assets from $2.39M in 2022 to $4.71M in 2024?
The increase in assets from $2,395,614 in 202206 to $4,713,951 in 202406 is likely due to positive net income in the 202406 period ($368,620) and potentially other non-operating gains or significant contributions, as well as a reduction in liabilities from $827,528 in 202306 to $644,568 in 202406. Further details would require examining the full financial statements.
Is the organization financially stable given past deficits?
While the organization experienced slight deficits in periods like 202306 (expenses exceeded revenue by $159,643) and 202206 (expenses exceeded revenue by $21,041), the most recent filing for 202406 shows a positive net income of $368,620 and a healthy increase in assets, suggesting improved financial stability in the short term.
Filing History
IRS 990 filing history for Growing Home Southeast Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Growing Home Southeast Inc's revenue has grown by 29.7%, moving from $4.8M to $6.2M. Total assets increased by 59.6% over the same period, from $3.0M to $4.7M. Total functional expenses rose by 24%, from $4.7M to $5.8M. In its most recent filing year (2024), Growing Home Southeast Inc reported a surplus of $369K, with revenue exceeding expenses. The organization holds $645K in liabilities against $4.7M in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $6.2M | $5.8M | $4.7M | $645K | — | View 990 |
| 2023 | $5.7M | $5.8M | $4.6M | $828K | — | View 990 |
| 2022 | $5.6M | $5.6M | $2.4M | $332K | — | View 990 |
| 2021 | $5.8M | $6.3M | $2.4M | $359K | — | View 990 |
| 2020 | $5.8M | $6.2M | $3.2M | $1.4M | — | View 990 |
| 2019 | $6.3M | $6.6M | $2.6M | $428K | — | View 990 |
| 2018 | $6.4M | $6.3M | $3.0M | $372K | — | View 990 |
| 2017 | $5.8M | $5.8M | $2.8M | $337K | — | View 990 |
| 2016 | $5.5M | $5.7M | $2.7M | $347K | — | View 990 |
| 2015 | $7.3M | $7.2M | $2.9M | $399K | — | View 990 |
| 2014 | $7.8M | $7.9M | $3.1M | $614K | — | View 990 |
| 2013 | $7.6M | $7.6M | $3.0M | $499K | — | View 990 |
| 2012 | $4.8M | $4.7M | $3.0M | $506K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $6.2M, expenses of $5.8M, and assets of $4.7M (revenue +9.0% year-over-year).
- 2023: Revenue of $5.7M, expenses of $5.8M, and assets of $4.6M (revenue +1.3% year-over-year).
- 2022: Revenue of $5.6M, expenses of $5.6M, and assets of $2.4M (revenue -3.6% year-over-year).
- 2021: Revenue of $5.8M, expenses of $6.3M, and assets of $2.4M (revenue +0.7% year-over-year).
- 2020: Revenue of $5.8M, expenses of $6.2M, and assets of $3.2M (revenue -7.6% year-over-year).
- 2019: Revenue of $6.3M, expenses of $6.6M, and assets of $2.6M (revenue -2.9% year-over-year).
- 2018: Revenue of $6.4M, expenses of $6.3M, and assets of $3.0M (revenue +10.3% year-over-year).
- 2017: Revenue of $5.8M, expenses of $5.8M, and assets of $2.8M (revenue +5.7% year-over-year).
- 2016: Revenue of $5.5M, expenses of $5.7M, and assets of $2.7M (revenue -24.1% year-over-year).
- 2015: Revenue of $7.3M, expenses of $7.2M, and assets of $2.9M (revenue -7.2% year-over-year).
- 2014: Revenue of $7.8M, expenses of $7.9M, and assets of $3.1M (revenue +3.0% year-over-year).
- 2013: Revenue of $7.6M, expenses of $7.6M, and assets of $3.0M (revenue +59.5% year-over-year).
- 2012: Revenue of $4.8M, expenses of $4.7M, and assets of $3.0M.
Data Sources and Methodology
This transparency report for Growing Home Southeast 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.