The Greenway Foundation Inc

Analysis

The Greenway Foundation Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 1976, 50 years ago. 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, The Greenway Foundation Inc reported income of $1.0m and spending of $2.5m, spending 252% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.0m (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Greenway Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include New York Society for Gastrointestinal Endoscopy Inc ($1.0m), Boy Scouts of America ($1.0m) and Puentes ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $104k (4.1% of expenses). Other salaries and wages came to $362k. At year end it held assets of $674k against liabilities of $62k, net assets of $612k. It reported 19 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.