Greenspring Village Inc

Analysis

Greenspring Village Inc is a registered charity in United States, based in Catonsville, MD. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Greenspring Village Inc reported income of $100.7m and spending of $117.9m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $93.9m to $100.7m (+7.2%), an average of +1.7% a year. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greenspring Village Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include I Am Boundless Inc ($100.4m), Mystic Valley Aging Services Inc ($101.5m) and Mount Sinai Health System Executive V P for Finance ($100.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $761k (0.6% of expenses). Other salaries and wages came to $37.3m. At year end it held assets of $663.7m against liabilities of $645.6m, net assets of $18.1m. It reported 1,259 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.