Public Charity

GROW AMERICA FUND INC

GROW AMERICA FUND INC is a nonprofit organization categorized as Public Charity based in NEW YORK, NY. Its most recent IRS filing (2024) reports revenue of $3.5M, expenses of $4.1M, total assets of $45.2M. Imperigo tracks 4 reported grant relationships connected to this organization totaling approximately $526K.

EIN: 133641265 NEW YORK, NY Urban & Community Economic Development NTEE: S31 Latest filing: 2024
Total Revenue$3.5M
Total Expenses$4.1M
Total Assets$45.2M
Grant Records4
Funding Total$526K
Filing Years2019–2024

Mission

THE GROW AMERICA FUND, INC. ("GAF") HAS A PRIMARY MISSION TO CREATE ECONOMIC OPPORTUNITY, STIMULATE INVESTMENT, AND TO ENCOURAGE ENTREPRENEURSHIP IN LOW-INCOME COMMUNITIES BY FINANCING BUSINESSES AND ENTREPRENEURS THAT INVEST IN THOSE DISADVANTAGED (CONT. ON SCHEDULE O) COMMUNITIES, AND/OR CREATE JOBS FOR LOW-INCOME UNEMPLOYED AND UNDER-EMPLOYED INDIVIDUALS. GAF, A LICENSED U.S. SBA SMALL BUSINESS LENDING COMPANY, AND U.S. DEPARTMENT OF THE TREASURY CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, PROVIDES ACCESS TO CAPITAL FOR BUSINESS EXPANSION STRUCTURED WITH LONGER AMORTIZATION TERMS AND LOWER INTEREST RATES. THESE LENDING TERMS SERVE TO DECREASE DEBT SERVICE COSTS AND IMPROVE THE BORROWER'S OPERATING CASH FLOW, GIVING BUSINESSES A FINANCIAL ADVANTAGE THAT HELPS STRENGTHEN BOTH THE ECONOMIC BASE OF THE BUSINESS, AND THE COMMUNITY.

Where $100 goes at Grow America Fund Inc

How Grow America Fund Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$81 Programs the work itself
$19 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $81 for programs

$81
Gaf provides longer term, lower interest rate small business loans that enable small businesses to create jobs, stimulate investment, and expand the entrepreneurial and small business base in…
All program spending
Reported in the filing To date gaf has provided more than 3,300 loans with total lending volume in excess of $512 million.
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

TREASURER Adam Ennis
MANAGING DIRECTOR OF LENDI Ann Finnegan
BOARD MEMBER Charley Depew
CFO AND VICE PRESIDENT Daniel Choi
CHAIRMAN Daniel Marsh Iii
BOARD MEMBER/INTERIM PRESI David Trevisani

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$413,049 2 grants
Economic Development
$113,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $3.5M $4.1M $45.2M
2023 $3.9M $3.5M $46.6M
2022 $3.8M $4.3M $54.0M
2020 $5.0M $4.4M $138.0M
2019 $3.7M $5.7M $47.7M

Between 2019 and 2024, reported annual revenue declined from $3.7M to $3.5M (-5%), with total assets most recently reported at $45.2M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for GROW AMERICA FUND INC

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