Greenwood Genetic Center Foundation

Analysis

Greenwood Genetic Center Foundation is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting 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 Foundation reported income of $2.2m and spending of $3.1m, spending 141% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $810k to $2.2m (+174%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 68%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greenwood Genetic Center Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include Bergholz Fdn-Unrestricted Enodw Ima ($2.2m), Beaver County Foundation ($2.2m) and Operation Legacy Foundation Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $44.9m against liabilities of $21.3m, net assets of $23.6m.