Greentree Charities

Analysis

Greentree Charities is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Greentree Charities reported income of $52k and spending of $288k, spending 548% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $847k to $52k (-94%), an average of -94% a year. The sharpest change came in the year to December 2020, when income dropped by 94%. Over the whole period it spent 149% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greentree Charities sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within MD. Charities of a similar size with the same main cause include Sahara Club ($52k), Covington Business Council Foundaiton Inc ($53k) and M I Part-Nors Financial Services ($52k).

On its Form 990 for the period ending December 2020, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $92k (32% of expenses). Other salaries and wages came to $109k. At year end it held assets of $15k against liabilities of $601k, net assets of -$585k. It reported 11 employees.