Greenfield Community College Foundation Inc

Analysis

Greenfield Community College Foundation Inc is a registered charity in United States, based in Greenfield, MA. It received its IRS tax-exemption ruling in July 1969, 57 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Greenfield Community College Foundation Inc reported income of $2.2m and spending of $1.1m, leaving 52% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.6m to $2.2m (+34%), an average of +6.1% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greenfield Community College Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Raleigh-Cary Jewish Federation Inc ($2.2m), Packages From Home ($2.2m) and United Way of South Texas ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 0.3% of the total. At year end it held assets of $10.3m against liabilities of $4,750, net assets of $10.3m.