Green Rural Redevelopment Inc

Analysis

Green Rural Redevelopment Inc is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in March 2015, 11 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 December 2023, Green Rural Redevelopment Inc reported income of $1.9m and spending of $2.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $311k to $1.9m (+526%), an average of +58% a year. The sharpest change came in the year to December 2020, when income rose by 187%. 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, Green Rural Redevelopment Inc 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 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include LP Wind Up Corporation ($1.9m), BGC Nonprofit Housing Corporation ($1.9m) and Ppep Microbusiness and Housing Development Corporation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% of the total. Compensation of current officers, directors and key employees was $1.5m (75% of expenses). At year end it held assets of $853k against liabilities of $452k, net assets of $401k. It reported 73 employees.