The Green Chair Project Inc

Analysis

The Green Chair Project Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 2011, 15 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 December 2023, The Green Chair Project Inc reported income of $3.9m and spending of $4.5m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.0m to $3.9m (-22%), an average of -6.0% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Green Chair Project Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Momco Global Inc ($3.9m), Family Resource Center at Gorham ($3.9m) and Gateway Community Partners Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $227k (5.1% of expenses). Other salaries and wages came to $963k. At year end it held assets of $5.6m against liabilities of $1.2m, net assets of $4.3m. It reported 32 employees.