Greenwood Community Development Corporation

Analysis

Greenwood Community Development Corporation is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Greenwood Community Development Corporation reported income of $162k and spending of $161k, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $4,056 to $162k (+3906%), an average of +109% a year. The sharpest change came in the year to December 2020, when income rose by 502002%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greenwood Community Development Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within OK. Charities of a similar size with the same main cause include Rotary Club of Fort Collins Charities Inc ($162k), Baltimore Avenue Redevelopment Corporation ($162k) and Elkton Alliance Inc ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $74k against liabilities of $420k, net assets of -$346k.