Growing Places Garden Project Inc

Is Growing Places Garden Project Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Growing Places Garden Project Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Growing Places Garden Project Inc

Growing Places Garden Project Inc (EIN: 100004885) is a nonprofit organization based in Leominster, MA, classified under NTEE code P80. The organization reported total revenue of $2.1M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Growing Places Garden Project 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 Places Garden Project Inc with a Mission Score of 90 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 Places Garden Project 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 organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure or that executive compensation is categorized differently, which is highly favorable for a nonprofit of its size, especially given its significant revenue growth to over $2.2 million in 2023.

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.

Strengths

The following positive indicators were identified for Growing Places Garden Project Inc:

• Exceptional revenue growth, from $127,462 in 2014 to $2,237,786 in 2023.
• Consistent reporting of 0% officer compensation, indicating high efficiency in executive spending.
• Healthy asset accumulation, growing from $81,566 to $1,373,814, providing financial stability.
• Positive net income in most recent years, with revenue exceeding expenses (e.g., $2,237,786 revenue vs $1,478,613 expenses in 2023).

Frequently Asked Questions about Growing Places Garden Project Inc

Filing History

IRS 990 filing history for Growing Places Garden Project Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Growing Places Garden Project Inc's revenue has grown by 1740.2%, moving from $122K to $2.2M. Total assets increased by 1368.1% over the same period, from $94K to $1.4M. Total functional expenses rose by 1027.3%, from $131K to $1.5M. In its most recent filing year (2023), Growing Places Garden Project Inc reported a surplus of $759K, with revenue exceeding expenses. The organization holds $176K in liabilities against $1.4M in assets (debt-to-asset ratio: 12.8%), resulting in net assets of $1.2M.

Year-by-Year Financial Summary

• 2023: Revenue of $2.2M, expenses of $1.5M, and assets of $1.4M (revenue +129.0% year-over-year).
• 2022: Revenue of $977K, expenses of $805K, and assets of $550K (revenue +38.8% year-over-year).
• 2021: Revenue of $704K, expenses of $576K, and assets of $488K (revenue +40.9% year-over-year).
• 2020: Revenue of $500K, expenses of $459K, and assets of $191K (revenue +77.4% year-over-year).
• 2019: Revenue of $282K, expenses of $300K, and assets of $120K (revenue +5.7% year-over-year).
• 2018: Revenue of $267K, expenses of $289K, and assets of $136K (revenue -18.8% year-over-year).
• 2017: Revenue of $328K, expenses of $282K, and assets of $157K (revenue +56.8% year-over-year).
• 2016: Revenue of $209K, expenses of $226K, and assets of $112K (revenue +8.5% year-over-year).
• 2015: Revenue of $193K, expenses of $150K, and assets of $124K (revenue +51.3% year-over-year).
• 2014: Revenue of $127K, expenses of $151K, and assets of $82K (revenue -9.8% year-over-year).
• 2013: Revenue of $141K, expenses of $138K, and assets of $105K (revenue -9.1% year-over-year).
• 2012: Revenue of $156K, expenses of $148K, and assets of $101K (revenue +28.0% year-over-year).
• 2011: Revenue of $122K, expenses of $131K, and assets of $94K.

Data Sources and Methodology

This transparency report for Growing Places Garden Project 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.