Friends Of Greenwich Point
Friends Of Greenwich Point: Strong Assets, Low Fundraising Efficiency
EIN: 223051826 · Old Greenwich, CT · NTEE: X99Z · Updated: 2026-04-04
Is Friends Of Greenwich Point Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Greenwich Point directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Friends Of Greenwich Point
Friends Of Greenwich Point (EIN: 223051826) is a nonprofit organization based in Old Greenwich, CT, classified under NTEE code X99Z. The organization reported total revenue of $116K and total assets of $503K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Greenwich Point's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Greenwich Point with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Friends Of Greenwich Point allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, indicating it is likely below the IRS reporting threshold or not applicable.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Friends Of Greenwich Point's IRS 990 filings:
- Expenses ($101,013) exceeded revenue ($72,497) in 2023, leading to a deficit.
- Fundraising efficiency is low, with $72,497 raised against $101,013 in expenses in 2023, suggesting a potential overspend relative to income.
Strengths
The following positive indicators were identified for Friends Of Greenwich Point:
- The organization maintains a healthy asset base of $490,141 in 2023.
- No reported lobbying expenses in either 2022 or 2023, indicating a focus on direct mission activities.
Frequently Asked Questions about Friends Of Greenwich Point
Is Friends Of Greenwich Point a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Greenwich Point (EIN: 223051826) some concerns. Mission Score: 85/100. 2 red flags identified, 2 strengths noted.
How does Friends Of Greenwich Point spend its money?
Friends Of Greenwich Point directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Greenwich Point tax-deductible?
Friends Of Greenwich Point is registered as a tax-exempt nonprofit (EIN: 223051826). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Friends Of Greenwich Point do?
Friends Of Greenwich Point is a nonprofit organization in the Religion-Related sector, located in Old Greenwich, Connecticut. It is classified under NTEE code X99Z.
How much revenue does Friends Of Greenwich Point have?
Friends Of Greenwich Point reported total revenue of $115,854. Based on 2 IRS 990 filings on record.
What are Friends Of Greenwich Point's total assets?
Friends Of Greenwich Point holds total assets of $503,060 as reported in IRS 990 filings.
Where is Friends Of Greenwich Point located?
Friends Of Greenwich Point is based in Old Greenwich, Connecticut.
What is Friends Of Greenwich Point's EIN?
Friends Of Greenwich Point's Employer Identification Number (EIN) is 223051826. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Friends Of Greenwich Point?
Friends Of Greenwich Point is classified under NTEE code X99Z (Religion-Related).
Is Friends Of Greenwich Point a registered 501(c)(3)?
Yes, Friends Of Greenwich Point is recognized as a tax-exempt organization by the IRS. EIN: 223051826.
Does Friends Of Greenwich Point file IRS Form 990?
Yes, Friends Of Greenwich Point has 2 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Friends Of Greenwich Point's revenue in 2023?
In the 202308 filing period, Friends Of Greenwich Point reported total revenue of $72,497, total expenses of $101,013, and net assets of $490,141.
Is Friends Of Greenwich Point's revenue growing or declining?
Friends Of Greenwich Point's revenue is declining. Revenue went from $80,937 (202208) to $72,497 (202308), a -10.4% change.
What is Friends Of Greenwich Point's most recent 990 filing?
The most recent IRS Form 990 filing for Friends Of Greenwich Point covers tax period 202308. It shows revenue of $72,497, expenses of $101,013, total assets of $490,141, and liabilities of $7,500.
How much does Friends Of Greenwich Point spend on programs vs administration?
Based on IRS 990 analysis, Friends Of Greenwich Point allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Friends Of Greenwich Point a trustworthy charity?
Based on AI analysis of IRS 990 data, Friends Of Greenwich Point appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 2 strengths noted.
What are the red flags for Friends Of Greenwich Point?
The following concerns were identified: Expenses ($101,013) exceeded revenue ($72,497) in 2023, leading to a deficit.. Fundraising efficiency is low, with $72,497 raised against $101,013 in expenses in 2023, suggesting a potential overspend relative to income.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Friends Of Greenwich Point's strengths?
Positive indicators for Friends Of Greenwich Point include: The organization maintains a healthy asset base of $490,141 in 2023.. No reported lobbying expenses in either 2022 or 2023, indicating a focus on direct mission activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Friends Of Greenwich Point compensate executives?
Executive compensation is not reported in the provided data, indicating it is likely below the IRS reporting threshold or not applicable. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the deficit in 2023 and the increase in liabilities, what specific strategies are being implemented to improve financial sustainability and reverse the negative trend?
The provided data does not detail specific strategies, but the deficit of $28,516 in 2023 (expenses $101,013 vs. revenue $72,497) and the new $7,500 in liabilities suggest a need for either increased revenue generation or expense reduction to ensure long-term financial health.
Filing History
IRS 990 filing history for Friends Of Greenwich Point showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Friends Of Greenwich Point's revenue has declined by 10.4%, moving from $81K to $72K. Total assets decreased by 4.1% over the same period, from $511K to $490K. Total functional expenses rose by 177.9%, from $36K to $101K. In its most recent filing year (2023), Friends Of Greenwich Point reported a deficit of $29K, with expenses exceeding revenue. The organization holds $8K in liabilities against $490K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $483K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $72K | $101K | $490K | $8K | — | — |
| 2022 | $81K | $36K | $511K | $0 | — | — |
Data Sources and Methodology
This transparency report for Friends Of Greenwich Point is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.