Greenwood Rising Inc

Analysis

Greenwood Rising Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Rising Inc reported income of $2.3m and spending of $984k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.6m to $2.3m (-15%), an average of -14% a year. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greenwood Rising Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within OK. Charities of a similar size with the same main cause include Bob Baker Marionette Theater ($2.3m), Martha and John M Rivers Performance Hall Foundation ($2.3m) and A S E Global Bridges Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $145k (15% of expenses). Other salaries and wages came to $183k. At year end it held assets of $3.3m against liabilities of $18k, net assets of $3.3m. It reported 19 employees.