Greenacre Homes Inc

Analysis

Greenacre Homes Inc is a registered charity in United States, based in Sebastopol, CA. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Greenacre Homes Inc reported income of $5.4m and spending of $5.6m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $5.4m (+6.1%), an average of +1.5% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greenacre Homes Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Vehicles for Change Inc ($5.4m), Right From the Start Nutrition ($5.4m) and Rescue Mission of Salt Lake Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $192k (3.5% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $2.7m against liabilities of $303k, net assets of $2.4m. It reported 76 employees.