Greenwood Homes Inc

Analysis

Greenwood Homes Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in July 1992, 34 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 September 2024, Greenwood Homes Inc reported income of $81k and spending of $112k, spending 139% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income grew from $70k to $81k (+16%), an average of +2.9% a year. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greenwood Homes Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within AL. Charities of a similar size with the same main cause include Lean Foundation USA ($81k), Friends for Friends ($81k) and Not by Choice Outreach ($81k).

On its Form 990 for the period ending September 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $249k against liabilities of $634k, net assets of -$385k.

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.