Crescent Wealth Management has been recognized by Inc. 5000 2024 list of America’s Fastest-Growing Private Companies for the Third Year in a Row
With Three-Year Revenue Growth of 468%, Crescent Receives Ranking No. 1,091 Among America’s Fastest-Growing Private Companies
NEW YORK, August 13, 2024 – Inc. today revealed the 43rd edition of the Inc. 5000, the annual ranking of the fastest-growing private companies in the U.S. The list ranks companies based on three years of annual revenue growth and is considered America's entrepreneurial benchmark. Inc. revealed that Crescent Wealth Management is No. 1,091 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Some household names that have appeared on the list include Intuit, Zappos, Under Armour, Microsoft, GoPro, Timberland, Clif Bar, Patagonia, Oracle, Box, and Grubhub.
The 2024 Inc. 5000 includes companies from every state and Puerto Rico. They range in size from one employee up to 262,079 workers, and from roughly $2 million in 2023 revenue up to $15.5 billion. Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth over the last three years. They generated 874,940 jobs, $317 billion in revenue, and show where the economy is going.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
Crescent Wealth Management represents an integration of asset protection and asset management competencies. This powerful combination ensures a transference of industry expertise, unlimited access to best-in-class solutions, and an expanded network of service providers.
For more information, please contact the professionals at Crescent Wealth Advisory.
More about Inc. and the Inc. 5000
Methodology
Step 1: The application
We collect information such as when the company was founded, who is the CEO, and what the annual revenue is. As you might expect, the application carries a processing fee ($495 for the 2024 edition) to help offset the eight months of work we do in producing the program. This step also helps determine whether a company meets the key requirements. To be eligible for the Inc. 5000, a company must:
- be privately held, for profit, and independent (not a subsidiary or a division of another company)
- have been founded and generating revenue as of March 31, 2020
- have generated a minimum of $100,000 in revenue in 2020
- have generated a minimum of $2 million in revenue in 2023
Note that Inc. does not publish revenue figures with the list. However, if our editors decide to write about an honoree, in keeping with journalistic best practices, we will ask to include revenue in the article.
Step 2: Revenue verification
Next up in the Inc. 5000 selection process is revenue verification. All companies applying must provide documented gross annual revenue for the base year (2020) and for year three (2023). We use those figures to calculate the three-year revenue growth rate that determines the ranking. The financial statements provided, which can include redacted tax returns, must be signed by the CEO and a credentialed third party. In cases where a company claims especially fast growth, we typically ask for audited financial statements. We reserve the right to ask for additional documentation to support reported revenue figures.
Step 3: Vetting
Once the data are in order, a draft list comes to the editorial team. We then embark on an intensive secondary vetting process, interviewing select founders and conducting background research to guard against companies with a checkered history appearing on the list. For example, if editors or our research department uncover allegations of fraud, sexual misconduct, or unlawful activity by the company or its leaders, we may disqualify that company. So, while the Inc. 5000 is a purely data-driven list, all companies must pass editorial review.
About Inc.
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.