Greenwood House Foundation Inc

Analysis

Greenwood House Foundation Inc is a registered charity in United States, based in Ewing, NJ. It received its IRS tax-exemption ruling in June 1993, 33 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, Greenwood House Foundation Inc reported income of $381k and spending of $286k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $381k (-70%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 205%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greenwood House Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Leadership Springfield Inc ($381k), The Weldon Fire Company of Weldon Pennsylvania ($381k) and Bethel Christian Camp and Retreat Center ($381k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $6.8m against liabilities of $85k, net assets of $6.8m.