Greenwood Archer Capital Inc

Analysis

Greenwood Archer Capital Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, 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 June 2023, Greenwood Archer Capital Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.3m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2020, when income rose by 140%. Over the whole period it spent 42% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greenwood Archer Capital Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Morristown Partners Inc ($1.3m), Friends of Little Saigon Seattle Fls-S ($1.3m) and Full Circle of Lake County Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 3.2% of the total. Other salaries and wages came to $444k. At year end it held assets of $9.8m against liabilities of $557k, net assets of $9.3m.