Greentown Collaborative Inc

Analysis

Greentown Collaborative Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Greentown Collaborative Inc reported income of $18.0m and spending of $16.3m, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.2m to $18.0m (+1449%), an average of +294% a year. The sharpest change came in the year to December 2022, when income rose by 559%. Over the whole period it spent 76% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Greentown Collaborative Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Michigan Saves Inc ($17.8m), The Everglades Foundation Inc ($18.0m) and Restore the Earth Foundation Inc ($17.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $1.0m (6.4% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $42.7m against liabilities of $36.3m, net assets of $6.5m. It reported 83 employees.