Is Green Wood Historic Fund Inc Legit?

Quick charity verification for Green Wood Historic Fund Inc (EIN: 113450678)

Verdict: Green Wood Historic Fund Inc appears trustworthy

85/100Mission Score

$4.0MRevenue

$2.7MAssets

3Red Flags

4Strengths

Red Flags

Significant year-over-year fluctuations in revenue and expenses, indicating potential instability in funding or operations.
Periods where expenses significantly exceeded revenue (e.g., 2019, 2020, 2021), potentially drawing down reserves or increasing liabilities.
High liabilities relative to assets in some years (e.g., 2021, where liabilities were $3,174,138 against assets of $1,529,994).

Strengths

Consistent reporting of 0% officer compensation across all filings, demonstrating strong financial transparency and commitment to mission.
Long-term growth in assets, from $923,645 in 2014 to $2,194,932 in 2023, indicating increasing financial capacity.
Positive net income in the most recent filing (2023), with revenue of $3,561,823 exceeding expenses of $3,478,030.
Significant revenue growth in certain periods, such as the jump from $1,895,895 in 2021 to $5,972,002 in 2022.

Spending Breakdown

How Green Wood Historic Fund Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Green Wood Historic Fund Inc

Is Green Wood Historic Fund Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Green Wood Historic Fund Inc (EIN: 113450678) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.

Is Green Wood Historic Fund Inc a good charity to donate to?

Green Wood Historic Fund Inc has a Mission Score of 85/100. Revenue: $4.0M. Assets: $2.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Green Wood Historic Fund Inc?

The Employer Identification Number (EIN) for Green Wood Historic Fund Inc is 113450678. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Green Wood Historic Fund Inc spend its money?

Green Wood Historic Fund Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Green Wood Historic Fund Inc's tax-exempt status?

You can verify Green Wood Historic Fund Inc's tax-exempt status using EIN 113450678 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Green Wood Historic Fund Inc. demonstrates a fluctuating financial performance over the past several years, with significant swings in both revenue and expenses. For instance, revenue jumped from $1,895,895 in 2021 to $5,972,002 in 2022, before settling at $3,561,823 in 2023. Despite these fluctuations, the organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. The organization's assets have shown growth, from $923,645 in 2014 to $2,194,932 in 2023, indicating some financial stability and capacity building.

Spending efficiency appears to be reasonable, with expenses generally aligning with revenue, though there have been periods where expenses exceeded revenue, such as in 2019 ($2,863,389 expenses vs. $1,354,658 revenue) and 2020 ($1,765,357 expenses vs. $1,142,657 revenue). However, the most recent filing for 2023 shows expenses ($3,478,030) slightly below revenue ($3,561,823), suggesting a return to more sustainable operations. The consistent reporting of zero officer compensation across all available filings is a significant positive for transparency and donor confidence, as it implies that leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which would warrant further investigation for a complete picture.

Overall, while the organization has experienced periods of financial volatility, its commitment to zero officer compensation is a notable strength in terms of transparency. The growth in assets over the long term also suggests a degree of financial health. Further analysis would benefit from a detailed breakdown of program, administrative, and fundraising expenses, which are not explicitly provided in the summary data, to fully assess spending efficiency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.