Greyston Foundation Inc

Analysis

Greyston Foundation Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in October 1993, 33 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 December 2023, Greyston Foundation Inc reported income of $3.1m and spending of $4.5m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.1m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2020, when income rose by 141%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greyston Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include United Way of Northern California ($3.1m), Investors Philanthropic ($3.1m) and United Way of Collier and the Keys Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $682k (15% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $20.6m against liabilities of $5.5m, net assets of $15.1m. It reported 73 employees.