Greenwich Alliance for Educationfoundation Inc

Analysis

Greenwich Alliance for Educationfoundation Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Alliance for Educationfoundation Inc reported income of $965k and spending of $678k, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $612k to $965k (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greenwich Alliance for Educationfoundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Souther Tier High Technology Incubator Inc ($965k), Pella Christian High School Endowment Foundation Fund ($965k) and Kaleidoscope School ($964k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $120k. At year end it held assets of $1.6m against liabilities of $61k, net assets of $1.5m. It reported 1 employees.