Harry & Jeanette Weinberg Green Houses at Rivertown Neighborhood

Analysis

Harry & Jeanette Weinberg Green Houses at Rivertown Neighborhood is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in August 2016, 10 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, Harry & Jeanette Weinberg Green Houses at Rivertown Neighborhood reported income of $1.8m and spending of $1.9m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.8m (-0.3%), an average of -0.1% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harry & Jeanette Weinberg Green Houses at Rivertown Neighborhood sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include A Turning Point Ministry Inc ($1.8m), United Way of Hancock County Inc ($1.8m) and Habitat for Humanity International Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $93k (4.9% of expenses). Other salaries and wages came to $769k. At year end it held assets of $8.5m against liabilities of $4.7m, net assets of $3.8m. It reported 29 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.