Greenwell Foundation Inc

Analysis

Greenwell Foundation Inc is a registered charity in United States, based in Hollywood, MD. It received its IRS tax-exemption ruling in April 1969, 57 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, Greenwell Foundation Inc reported income of $282k and spending of $353k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $440k to $282k (-36%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greenwell Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($282k), The Gold Shield Foundation Inc ($282k) and Clay Cherokee Christian Housing Inc ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $62k (18% of expenses). Other salaries and wages came to $135k. At year end it held assets of $392k against liabilities of $109k, net assets of $283k. It reported 27 employees.