Greenwood Ministries Association

Analysis

Greenwood Ministries Association is a registered charity in United States, based in Gowen, MI. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greenwood Ministries Association reported income of $178k and spending of $177k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $716k to $178k (-75%), an average of -50% a year. The sharpest change came in the year to December 2022, when income dropped by 59%. Over the whole period it spent 50% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Greenwood Ministries Association sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MI. Charities of a similar size with the same main cause include Regional Reclaim Ministries Inc ($178k), International Community Outreach Inc ($178k) and Women in Ministry Conference Inc ($178k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $29k (16% of expenses). Other salaries and wages came to $76k. At year end it held assets of $601k against liabilities of $2,000, net assets of $599k. It reported 13 employees.