Green Thumb Initiative

Analysis

Green Thumb Initiative is a registered charity in United States, based in Canon City, CO. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Green Thumb Initiative reported income of $487k and spending of $449k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $427k to $487k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Green Thumb Initiative sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within CO. Charities of a similar size with the same main cause include Central Indiana Clubhouse NFP Corp ($487k), Bradford County Education Foundation Inc ($487k) and Open School ($487k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $91k (20% of expenses). Other salaries and wages came to $208k. At year end it held assets of $100k against liabilities of $1,933, net assets of $99k. It reported 8 employees.