Greenwood Genetic Center Inc

Analysis

Greenwood Genetic Center Inc is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in March 1975, 51 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Greenwood Genetic Center Inc reported income of $31.0m and spending of $31.5m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.1m to $31.0m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Greenwood Genetic Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Rainelle Medical Center Inc ($31.0m), Greater Baden Medical Service Incorporated ($31.0m) and Highlands Hospital and Health Center ($30.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $1.5m (4.9% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $29.3m against liabilities of $24.1m, net assets of $5.2m. It reported 209 employees.