Greater Good Charities

Analysis

Greater Good Charities is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 2007, 19 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 June 2023, Greater Good Charities reported income of $154.2m and spending of $154.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $62.3m to $154.2m (+148%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Good Charities sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WA. Charities of a similar size with the same main cause include St Johns Community Health ($151.3m), American Gift Fund ($155.8m) and University of Cincinnati Foundation ($148.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $993k (0.6% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $15.6m against liabilities of $3.7m, net assets of $11.9m. It reported 79 employees.