Greenwoods Scholarship Foundation Inc

Analysis

Greenwoods Scholarship Foundation Inc is a registered charity in United States, based in Winsted, CT. It received its IRS tax-exemption ruling in December 1975, 51 years ago. 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 2023, Greenwoods Scholarship Foundation Inc reported income of $356k and spending of $152k, leaving 57% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $242k to $356k (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greenwoods Scholarship Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include Edward Hopper House Museum and Study Center ($356k), Pheasants Forever Inc ($356k) and Vna Comprehensive Services Inc ($355k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.