Greenpath Inc

Analysis

Greenpath Inc is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in August 1967, 59 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Greenpath Inc reported income of $53.7m and spending of $46.0m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $40.3m to $53.7m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greenpath Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Key Program Incorporated ($53.7m), Cal Farleys Boys Ranch ($53.7m) and Young Mens Christian Association of South Hampton Roads ($53.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $2.2m (4.7% of expenses). Other salaries and wages came to $23.7m. At year end it held assets of $68.9m against liabilities of $21.5m, net assets of $47.5m. It reported 527 employees.