Greenwood Promise LLC

Analysis

Greenwood Promise LLC is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Promise LLC reported income of $284k and spending of $336k, spending 119% of what it took in. Across the 6 years on record, from December 2018 to June 2023, income fell from $364k to $284k (-22%), an average of -4.9% a year. The sharpest change came in the year to June 2022, when income rose by 91%. Over the whole period it spent 32% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greenwood Promise LLC sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within SC. Charities of a similar size with the same main cause include Northern Utah Sexual Assault Nurse Examiners ($284k), Bell County Fair and Exhibition Board Inc ($284k) and Kids Academy ($284k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 135% of the total. Compensation of current officers, directors and key employees was $75k (22% of expenses). Other salaries and wages came to $78k. At year end it held assets of $6.3m against liabilities of $0, net assets of $6.3m.