Greentrike

Analysis

Greentrike is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Greentrike reported income of $3.7m and spending of $5.1m, spending 137% of what it took in. Across the 6 years on record, from May 2019 to December 2023, income fell from $6.9m to $3.7m (-47%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greentrike sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Cincinnati Shakespeare Company ($3.7m), Des Moines Community Playhouse ($3.7m) and Kingsburg Media Foundation ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $460k (9.1% of expenses). Other salaries and wages came to $2.1m. It paid $272 in professional fundraising fees. At year end it held assets of $6.7m against liabilities of $2.8m, net assets of $3.9m. It reported 88 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.