The Growhaus
The Growhaus shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 203533527 · Denver, CO · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $3.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $4.0M |
| Transparency Score | 90/100 |
Is The Growhaus Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Growhaus directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Growhaus
The Growhaus (EIN: 203533527) is a nonprofit organization based in Denver, CO. The organization reported total revenue of $3.3M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Growhaus's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Growhaus is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 18.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$331K |
| Total Assets | $4.4M |
| Total Liabilities | $373K |
| Net Assets | $4.0M |
| Operating Margin | 9.4% |
| Debt-to-Asset Ratio | 8.5% |
| Months of Reserves | 16.5 months |
Financial Health Grade: A
In 2024, The Growhaus reported a surplus of $331K with revenue exceeding expenses, holds 16.5 months of operating reserves (strong position), has a debt-to-asset ratio of 8.5% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), The Growhaus's revenue has grown at a compound annual growth rate (CAGR) of 18.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +14.2% | +56.4% | +11.1% |
| 2023 | +3.7% | -2.6% | +31.0% |
| 2022 | +17.8% | +9.5% | +47.8% |
| 2021 | +54.2% | +23.0% | +56.8% |
| 2020 | +44.0% | +15.1% | +8.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 The Growhaus 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, The Growhaus 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $331K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.5%.
Executive Compensation Analysis
The Growhaus reports 0% officer compensation across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of its size with over $3 million in annual revenue and over $4 million in assets. This suggests either a volunteer leadership model or that compensation is reported under different categories, warranting further investigation into the full 990 forms.
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 The Growhaus's IRS 990 filings:
- Unusually low reported liabilities relative to assets, which could indicate aggressive accounting or a very conservative financial strategy.
- 0% reported officer compensation for an organization with over $3 million in revenue, which is highly atypical and may obscure how leadership is compensated or structured.
Strengths
The following positive indicators were identified for The Growhaus:
- Consistent and strong revenue growth, increasing from $669,418 in 2015 to $3,517,442 in 2024.
- Healthy asset accumulation, reaching $4,372,716 in the latest filing, demonstrating financial stability.
- Consistently low liabilities relative to assets, indicating strong financial health and minimal debt burden.
- Operating with a surplus in most recent years (e.g., $3,517,442 revenue vs. $3,186,558 expenses in 2024), showing effective financial management.
- No reported officer compensation, suggesting a strong commitment to directing funds towards the mission or a unique leadership compensation structure.
Frequently Asked Questions about The Growhaus
Is The Growhaus a legitimate charity?
The Growhaus (EIN: 203533527) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.3M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does The Growhaus spend its money?
The Growhaus directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Growhaus tax-deductible?
The Growhaus is registered as a tax-exempt nonprofit (EIN: 203533527). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Growhaus CEO make?
The Growhaus's highest-compensated officer earns $3 annually. The organization reported $3.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Growhaus's spending goes to programs?
The Growhaus directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Growhaus located?
The Growhaus is headquartered in Denver, Colorado and files with the IRS under EIN 203533527.
How many years of IRS 990 filings does The Growhaus have?
The Growhaus has 13 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 $3.3M in total revenue.
How does The Growhaus manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings, despite significant revenue and asset growth, suggests either a volunteer-led executive team or that executive compensation is categorized differently within the full IRS 990 forms (e.g., as general salaries or program expenses). This warrants a deeper review of the detailed expense schedules.
What are the specific program activities funded by The Growhaus's growing revenue?
While the provided data indicates strong financial growth (revenue from $669,418 in 2015 to $3,517,442 in 2024), the summary does not detail the specific program activities. A review of the full IRS 990, particularly Part III (Statement of Program Service Accomplishments), would provide insight into how these funds are utilized for their mission.
What is the organization's strategy for managing its increasing assets and maintaining low liabilities?
The Growhaus has consistently grown its assets, reaching $4,372,716 in 2024, while keeping liabilities relatively low at $373,446. This indicates effective financial management and potentially strategic investments or reserves. Further details on asset allocation and investment policies would be found in the full 990.
Filing History
IRS 990 filing history for The Growhaus showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), The Growhaus's revenue has grown by 635.5%, moving from $478K to $3.5M. Total assets increased by 717.6% over the same period, from $535K to $4.4M. Total functional expenses rose by 1451.8%, from $205K to $3.2M. In its most recent filing year (2024), The Growhaus reported a surplus of $331K, with revenue exceeding expenses. The organization holds $373K in liabilities against $4.4M in assets (debt-to-asset ratio: 8.5%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.5M | $3.2M | $4.4M | $373K | — | View 990 |
| 2023 | $3.1M | $2.0M | $3.9M | $186K | — | View 990 |
| 2022 | $3.0M | $2.1M | $3.0M | $296K | — | View 990 |
| 2021 | $2.5M | $1.9M | $2.0M | $204K | — | View 990 |
| 2020 | $1.6M | $1.6M | $1.3M | $79K | — | View 990 |
| 2019 | $1.1M | $1.3M | $1.2M | $55K | — | View 990 |
| 2018 | $1.0M | $1.3M | $1.4M | $44K | — | View 990 |
| 2017 | $1.2M | $919K | $1.7M | $25K | — | View 990 |
| 2016 | $946K | $715K | $1.4M | $26K | — | View 990 |
| 2015 | $669K | $579K | $1.2M | $33K | — | View 990 |
| 2014 | $906K | $420K | $1.1M | $29K | — | View 990 |
| 2013 | $311K | $270K | $594K | $29K | — | View 990 |
| 2012 | $478K | $205K | $535K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.5M, expenses of $3.2M, and assets of $4.4M (revenue +14.2% year-over-year).
- 2023: Revenue of $3.1M, expenses of $2.0M, and assets of $3.9M (revenue +3.7% year-over-year).
- 2022: Revenue of $3.0M, expenses of $2.1M, and assets of $3.0M (revenue +17.8% year-over-year).
- 2021: Revenue of $2.5M, expenses of $1.9M, and assets of $2.0M (revenue +54.2% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.6M, and assets of $1.3M (revenue +44.0% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.3M, and assets of $1.2M (revenue +9.0% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.3M, and assets of $1.4M (revenue -12.1% year-over-year).
- 2017: Revenue of $1.2M, expenses of $919K, and assets of $1.7M (revenue +25.4% year-over-year).
- 2016: Revenue of $946K, expenses of $715K, and assets of $1.4M (revenue +41.3% year-over-year).
- 2015: Revenue of $669K, expenses of $579K, and assets of $1.2M (revenue -26.1% year-over-year).
- 2014: Revenue of $906K, expenses of $420K, and assets of $1.1M (revenue +191.4% year-over-year).
- 2013: Revenue of $311K, expenses of $270K, and assets of $594K (revenue -35.0% year-over-year).
- 2012: Revenue of $478K, expenses of $205K, and assets of $535K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Growhaus:
Data Sources and Methodology
This transparency report for The Growhaus 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.