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Growfl Inc

EIN 86-2277489 · Gainesville, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak38 out of 100GovernanceFair62 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROVIDE RESOURCES FOR CEOS OF SECOND-STAGE COMPANIES TO HELP THEM OVERCOME UNIQUE CHALLENGES AND ACCELERATE BUSINESS GROWTH.

Income
$482,870
Spending
$490,957
Spent on programs
92%
Reserves
2.4 months of spending
Largest source of income
donations and private grants, 80%
Employees
3
Highest pay
$56,068, executive di

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 38 out of 100. Higher than 9% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.4 months of spending.

  • Debt

    5 of 20

    It owes 60% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 2% of income.

  • Income trend

    0 of 15

    Income fell 46% on the year before.

  • Spending floor

    15 of 15

    92% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 62 out of 100. Higher than 31% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    12 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $273,624 spent. COLLABORATIVE ACTIVITIES TO ASSIST SECOND-STAGE COMPANIES OVERCOME UNIQUE CHALLENGES AND ACCELERATE BUSINESS GROWTH. THIS PURPOSE ASSISTED APPROXIMATELY 150 COMPANIES IN FY 2024.
  2. FLORIDA COMPANIES TO WATCH: THE ANNUAL EVENT HONORED THE TOP 50 COMPANIES IN FLORIDA THAT DEMONSTRATE GROWTH, INNOVATION, AND COMMUNITY CONTRIBUTION. IT WAS HELD AT HARD ROCK LIVE AND ATTENDED BY APPROXIMATELY 400 PEOPLE.
  3. $179,320 spent. GROWFL REGIONAL CHAPTER EVENTS: GROWFL REGIONAL EVENTS ARE RESERVED FOR SECOND-STAGE COMPANY PRESIDENTS, CEOS, AND BUSINESS OWNERS. THE GROWFL CHAPTER EVENTS BRING TOGETHER SECOND-STAGE CEOS AND REGIONAL BUSINESS OWNERS QUARTERLY. EVENTS TYPICALLY FEATURE A SECOND OR THIRD-STAGE KEYNOTE SPEAKER WHO WILL SHARE HOW THEY HAVE GROWN THEIR BUSINESS, THE LESSONS THEY HAVE LEARNED ALONG THE WAY, THEIR CHALLENGES, AND THE SOLUTIONS THEY UTILIZED TO OVERCOME THOSE CHALLENGES. GROWFL REGIONAL CHAPTER EVENTS ARE HELD IN NORTHEAST, SOUTHEAST, EAST CENTRAL AND TAMPA BAY REGIONS OF FLORIDA.
  4. GROWFL REGIONAL CHAPTER EVENTS: GROWFL REGIONAL EVENTS ARE RESERVED FOR SECOND-STAGE COMPANY PRESIDENTS, CEOS, AND BUSINESS OWNERS. THE GROWFL CHAPTER EVENTS BRING TOGETHER SECOND-STAGE CEOS AND REGIONAL BUSINESS OWNERS QUARTERLY. EVENTS TYPICALLY FEATURE A SECOND OR THIRD-STAGE KEYNOTE SPEAKER WHO WILL SHARE HOW THEY HAVE GROWN THEIR BUSINESS, THE LESSONS THEY HAVE LEARNED ALONG THE WAY, THEIR CHALLENGES, AND THE SOLUTIONS THEY UTILIZED TO OVERCOME THOSE CHALLENGES. GROWFL REGIONAL CHAPTER EVENTS ARE HELD IN NORTHEAST, SOUTHEAST, EAST CENTRAL AND TAMPA BAY REGIONS OF FLORIDA.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2023.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.