Greystone Programs Inc

Analysis

Greystone Programs Inc is a registered charity in United States, based in Hopewell JCT, NY. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Greystone Programs Inc reported income of $25.3m and spending of $24.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.7m to $25.3m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greystone Programs Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Village Shalom Inc ($25.3m), Immigrant Legal Resource Center ($25.3m) and Upstate Senior Living Inc ($25.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $327k (1.3% of expenses). Other salaries and wages came to $15.6m. At year end it held assets of $15.8m against liabilities of $8.7m, net assets of $7.1m. It reported 648 employees.