Greenwich House Inc

Analysis

Greenwich House Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1930, 96 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, Greenwich House Inc reported income of $22.3m and spending of $20.9m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.6m to $22.3m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greenwich House 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 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Guild ($22.3m), Jerome Home ($22.3m) and Kai Ming Inc ($22.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $370k (1.8% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $16.6m against liabilities of $7.4m, net assets of $9.2m. It reported 299 employees.