Greenwich Center for Hope & Renewal Inc

Analysis

Greenwich Center for Hope & Renewal Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in September 2007, 19 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 June 2024, Greenwich Center for Hope & Renewal Inc reported income of $1.3m and spending of $1.2m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $479k to $1.3m (+175%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 233%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greenwich Center for Hope & Renewal Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Malawi Childrens Village Foundation Inc ($1.3m), Disability Options Network ($1.3m) and Warrior for Children ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $118k (9.5% of expenses). Other salaries and wages came to $50k. At year end it held assets of $840k against liabilities of $50k, net assets of $790k. It reported 3 employees.