Greater Enrichment Program Inc

Analysis

Greater Enrichment Program Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 1978, 48 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, Greater Enrichment Program Inc reported income of $1.7m and spending of $1.2m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.7m (-8.8%), an average of -2.3% a year. The sharpest change came in the year to June 2021, when income dropped by 47%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greater Enrichment Program Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Hope Hospitality and Warming Center Inc ($1.7m), Hand Up Ministries ($1.7m) and Clearwater Neighborhood Housing Services Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $95k (7.9% of expenses). Other salaries and wages came to $641k. At year end it held assets of $3.5m against liabilities of $71k, net assets of $3.4m. It reported 59 employees.