Greens Do Good Reed

Analysis

Greens Do Good Reed is a registered charity in United States, based in Oakland, NJ. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Greens Do Good Reed reported income of $534k and spending of $809k, spending 152% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $845k to $534k (-37%), an average of -37% a year. The sharpest change came in the year to June 2023, when income dropped by 37%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greens Do Good Reed 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 71st percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Brook Haven Apartments Inc ($534k), Wall Street Bound ($534k) and Multicultural Community Service ($533k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 27% of the total. Other salaries and wages came to $299k. At year end it held assets of $1.1m against liabilities of $265k, net assets of $819k. It reported 12 employees.