Greenco Industries Inc

Analysis

Greenco Industries Inc is a registered charity in United States, based in Monroe, WI. It received its IRS tax-exemption ruling in February 1976, 50 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Greenco Industries Inc reported income of $3.0m and spending of $3.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.0m (+6.8%), an average of +1.6% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greenco Industries Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WI. Charities of a similar size with the same main cause include Charitable Foundation of the Islands Inc ($3.0m), Queens Economic Development Corporation ($3.0m) and Ephrata Area Rehab Services ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $168k (5.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $3.8m against liabilities of $229k, net assets of $3.6m. It reported 146 employees.