Towngreen Inc

Analysis

Towngreen Inc is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in October 2022, 4 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, Towngreen Inc reported income of $177k and spending of $116k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $177k (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 72% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Towngreen Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Idaho Association of Soil Conservation Districts Inc ($177k), Oceanites Inc ($177k) and Manassas Battlefield Trust ($177k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $97k against liabilities of $3,500, net assets of $94k.