New York · Nonprofit
GROW AMERICA FUND INC
GROW AMERICA FUND INC (New York) receives grants from 2 organizations whose IRS filings report $113,000 to it, the largest being DETROIT ECONOMIC GROWTH ASSOCIATION ($113,000). 0 of them have funded it in more than one year.
- Revenue FY2024
- $3.5M
- Funders on record
- 2
- Grants received
- $113k
- Net assets
- $19M
What Grow America Fund Inc does
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.
As stated on its FY2024 Form 990.
Program
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 low-income communities. (cont. On schedule o)
$3,314,274 spent$3,546,199 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $3,314,274.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $48M to $138M (+189%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 4% · 2021 20% · 2022 7% · 2023 23%. Grants only. Government contracts and fees sit inside program revenue.
0% of GROW AMERICA FUND INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Daniel Marsh Iii
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2018 → 2023: the base held at 1 funder, grant income fell $113k → $0.
Left out of every figure on this page: $413k from one payer (the payer shares this organization's board, largest National Council for Community Development Inc). These are real filings, and they are not money GROW AMERICA FUND INC raised.
From the IRS filings of GROW AMERICA FUND INC’s funders (the co-funder graph). Top 1 of 2 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
GROW AMERICA FUND INC draws 100% of its grant income from funders outside New York, across 1 state in all.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
GROW AMERICA FUND INC holds deeper cash reserves than three-quarters of the 4,203 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Government funding GROW AMERICA FUND INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.2M on record.
- Department of the Treasury$1.2M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like GROW AMERICA FUND INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
81% of spending goes to programs.
Governance
Public support
98%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 32 related entities
- Main Street Properties New York LLC · disregarded
- Main Street Properties Connecticut LLC · disregarded
- Ndc Housing & Economic Development Corporation-Group Return · exempt
- Ndc Support I Inc · exempt
- Ndc Housing & Economic Development Corporation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for GROW AMERICA FUND INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds GROW AMERICA FUND INC?
- GROW AMERICA FUND INC (New York) receives grants from 2 organizations whose IRS filings report $113,000 to it, the largest being DETROIT ECONOMIC GROWTH ASSOCIATION ($113,000). 0 of them have funded it in more than one year.
- How many funders does GROW AMERICA FUND INC have?
- IRS filings report 2 organizations giving $113,000 in grants to GROW AMERICA FUND INC.
- Who is the largest funder of GROW AMERICA FUND INC?
- DETROIT ECONOMIC GROWTH ASSOCIATION is the largest funder on record, with $113,000 in grants. The full list of funders is on this page.
- How can an organization like GROW AMERICA FUND INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing