Growing Places Garden Project Inc

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Growing Places Garden Project Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Growing Places Garden Project Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Growing Places Garden Project Inc in one place.

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 →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Growing Places Garden Project Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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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.

Organization Overview

Growing Places Garden Project Inc is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 27.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Growing Places Garden Project Inc reported a surplus of $759K with revenue exceeding expenses, holds 11.1 months of operating reserves (strong position), has a debt-to-asset ratio of 12.8% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Growing Places Garden Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.5%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $759K, with revenue exceeding expenses.
• Debt-to-asset ratio: 12.8%.

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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Growing Places Garden Project Inc:

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.