Greens Farms Academy Inc

Analysis

Greens Farms Academy Inc is a registered charity in United States, based in Greens Farms, CT. It received its IRS tax-exemption ruling in July 1959, 67 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Greens Farms Academy Inc reported income of $46.4m and spending of $42.6m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $37.3m to $46.4m (+24%), an average of +5.6% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greens Farms Academy Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Phalen Leadership Academies Indiana ($46.4m), Kids in Need Foundation ($46.4m) and Child Parent Centers Inc ($46.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $2.7m (6.4% of expenses). Other salaries and wages came to $16.1m. It paid $36k in professional fundraising fees. At year end it held assets of $158.0m against liabilities of $19.8m, net assets of $138.2m. It reported 383 employees.