Greenwood Apts Inc

Analysis

Greenwood Apts Inc is a registered charity in United States, based in Mason, OH. It received its IRS tax-exemption ruling in December 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greenwood Apts Inc reported income of $964k and spending of $1.0m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $903k to $964k (+6.7%), an average of +1.6% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greenwood Apts Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Tri-County Emergency Medical Control Authority ($963k), Northlake Senior Housing NFP ($964k) and Comm for Dignity & Fairness for the Homeless Housing Developement Inc ($963k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $256k. At year end it held assets of $2.0m against liabilities of $932k, net assets of $1.1m. It reported 8 employees.