Greystone Endowment Inc

Analysis

Greystone Endowment Inc is a registered charity in United States, based in Hopewell JCT, NY. It received its IRS tax-exemption ruling in November 1989, 37 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 December 2023, Greystone Endowment Inc reported income of $194k and spending of $201k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $396k to $194k (-51%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 255%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greystone Endowment Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Youth with a Mission Inc ($194k), Cosa Inc ($194k) and Little League Baseball Inc ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 111% of the total. Other salaries and wages came to $60k. At year end it held assets of $1.6m against liabilities of $61k, net assets of $1.5m.