Ready Set Grow Inc
EIN: 474371482 · Storm Lake, IA · NTEE: P33
| Metric | Value |
|---|---|
| Total Revenue | $380K |
| Total Expenses | $380K |
| Net Assets | $12K |
Is Ready Set Grow Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ready Set Grow Inc
Ready Set Grow Inc (EIN: 474371482) is a nonprofit organization based in Storm Lake, IA, classified under NTEE code P33. The organization reported total revenue of $380K and total assets of $35K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ready Set Grow Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ready Set Grow Inc is a small nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 29.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $224K |
| Total Expenses | $380K |
| Surplus / Deficit | $-156,264 |
| Total Assets | $12K |
| Net Assets | $12K |
| Operating Margin | -69.8% |
| Months of Reserves | 0.4 months |
Financial Health Grade: C
In 2023, Ready Set Grow Inc reported a deficit of $156K with expenses exceeding revenue, holds 0.4 months of operating reserves (limited).
Financial Trends
Over 8 years of filings (2016–2023), Ready Set Grow Inc's revenue has grown at a compound annual growth rate (CAGR) of 29.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -57.1% | -8.3% | -93.2% |
| 2022 | +43.4% | +19.4% | +161.8% |
| 2021 | +14.2% | +13.3% | +32.6% |
| 2020 | -7.3% | -2.1% | +3.4% |
| 2019 | +48.7% | +32.7% | +335.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ready Set Grow 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 Ready Set Grow 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 $156K, with expenses exceeding revenue.
Frequently Asked Questions about Ready Set Grow Inc
Is Ready Set Grow Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ready Set Grow Inc (EIN: 474371482) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ready Set Grow Inc spend its money?
Detailed spending breakdown data is not yet available for Ready Set Grow Inc. Check back for updated IRS 990 analysis.
Are donations to Ready Set Grow Inc tax-deductible?
Ready Set Grow Inc is registered as a tax-exempt nonprofit (EIN: 474371482). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ready Set Grow Inc located?
Ready Set Grow Inc is headquartered in Storm Lake, Iowa and files with the IRS under EIN 474371482. It is classified under NTEE code P33.
How many years of IRS 990 filings does Ready Set Grow Inc have?
Ready Set Grow Inc has 8 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 $380K in total revenue.
Filing History
IRS 990 filing history for Ready Set Grow Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Ready Set Grow Inc's revenue has grown by 525.1%, moving from $36K to $224K. Total assets increased by 49.6% over the same period, from $8K to $12K. Total functional expenses rose by 1025.3%, from $34K to $380K. In its most recent filing year (2023), Ready Set Grow Inc reported a deficit of $156K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $224K | $380K | $12K | $0 | — | — |
| 2022 | $521K | $415K | $173K | $0 | — | View 990 |
| 2021 | $364K | $347K | $66K | $0 | — | View 990 |
| 2020 | $318K | $307K | $50K | $0 | — | View 990 |
| 2019 | $343K | $313K | $48K | $7K | — | View 990 |
| 2018 | $231K | $236K | $11K | $0 | — | View 990 |
| 2017 | $133K | $124K | $16K | $0 | — | View 990 |
| 2016 | $36K | $34K | $8K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $224K, expenses of $380K, and assets of $12K (revenue -57.1% year-over-year).
- 2022: Revenue of $521K, expenses of $415K, and assets of $173K (revenue +43.4% year-over-year).
- 2021: Revenue of $364K, expenses of $347K, and assets of $66K (revenue +14.2% year-over-year).
- 2020: Revenue of $318K, expenses of $307K, and assets of $50K (revenue -7.3% year-over-year).
- 2019: Revenue of $343K, expenses of $313K, and assets of $48K (revenue +48.7% year-over-year).
- 2018: Revenue of $231K, expenses of $236K, and assets of $11K (revenue +73.6% year-over-year).
- 2017: Revenue of $133K, expenses of $124K, and assets of $16K (revenue +271.6% year-over-year).
- 2016: Revenue of $36K, expenses of $34K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ready Set Grow Inc:
Data Sources and Methodology
This transparency report for Ready Set Grow 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.