Greenwich Adult Day Care Trust Fund

Analysis

Greenwich Adult Day Care Trust Fund is a registered charity in United States, based in Cos Cob, CT. It received its IRS tax-exemption ruling in August 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greenwich Adult Day Care Trust Fund reported income of $701k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $72k to $701k (+874%), an average of +77% a year. The sharpest change came in the year to December 2022, when income rose by 700%. Over the whole period it spent 35% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greenwich Adult Day Care Trust Fund sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include Inc Nutrition Research and Education Foundation ($700k), New 2 You of Lansing ($701k) and Millhill Foundation Inc ($700k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.