Greenwood Plan

Analysis

Greenwood Plan is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2022, Greenwood Plan reported income of $2.2m and spending of $478k, leaving 78% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $378k to $2.2m (+481%), an average of +481% a year. The sharpest change came in the year to December 2022, when income rose by 481%. Over the whole period it spent 32% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greenwood Plan sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Community Coalition Inc ($2.2m), Centerforce ($2.2m) and Career T R a C K ($2.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $124k (26% of expenses). At year end it held assets of $1.8m against liabilities of $2,011, net assets of $1.8m. It reported 3 employees.