Green Wood Historic Fund Inc
Green Wood Historic Fund Inc. shows fluctuating revenue and expenses, consistently reporting zero officer compensation.
EIN: 113450678 · Brooklyn, NY · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $3.5M |
| Program Spending | 80% |
| Net Assets | $1.7M |
| Transparency Score | 85/100 |
Is Green Wood Historic Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Green Wood Historic Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Green Wood Historic Fund Inc
Green Wood Historic Fund Inc (EIN: 113450678) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code A80. The organization reported total revenue of $4.0M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Green Wood Historic Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Green Wood Historic Fund Inc is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$84K |
| Total Assets | $2.2M |
| Total Liabilities | $472K |
| Net Assets | $1.7M |
| Operating Margin | 2.4% |
| Debt-to-Asset Ratio | 21.5% |
| Months of Reserves | 7.6 months |
Financial Health Grade: A
In 2023, Green Wood Historic Fund Inc reported a surplus of $84K with revenue exceeding expenses, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 21.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Green Wood Historic Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.4% | +29.8% | +39.2% |
| 2022 | +215.0% | +15.2% | +3.0% |
| 2021 | +65.9% | +31.7% | +15.0% |
| 2020 | -15.6% | -38.3% | -16.9% |
| 2019 | -60.2% | -21.2% | -22.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Green Wood Historic Fund Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Green Wood Historic Fund Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $84K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers or that leadership is entirely volunteer-based, which is highly favorable for donor perception and resource allocation.
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 Green Wood Historic Fund Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Green Wood Historic Fund Inc:
- 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.
Frequently Asked Questions about Green Wood Historic Fund Inc
Is Green Wood Historic Fund Inc a legitimate charity?
Green Wood Historic Fund Inc (EIN: 113450678) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.0M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Green Wood Historic Fund Inc spend its money?
Green Wood Historic Fund Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Green Wood Historic Fund Inc tax-deductible?
Green Wood Historic Fund Inc is registered as a tax-exempt nonprofit (EIN: 113450678). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Green Wood Historic Fund Inc's spending goes to programs?
Green Wood Historic Fund Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Green Wood Historic Fund Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Green Wood Historic Fund Inc is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Green Wood Historic Fund Inc located?
Green Wood Historic Fund Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113450678. It is classified under NTEE code A80.
How many years of IRS 990 filings does Green Wood Historic Fund Inc have?
Green Wood Historic Fund Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.0M in total revenue.
Is Green Wood Historic Fund Inc. financially stable?
While the organization has experienced significant fluctuations in revenue and expenses year-over-year, its assets have generally grown over the long term, from $923,645 in 2014 to $2,194,932 in 2023, suggesting a degree of underlying stability despite short-term volatility. The 2023 filing shows expenses slightly below revenue, which is a positive sign.
How does Green Wood Historic Fund Inc. compensate its leadership?
All available IRS 990 filings for Green Wood Historic Fund Inc. report 0% officer compensation, indicating that no salaries are paid to officers as defined by the IRS, or that leadership is entirely volunteer-based.
What is the trend in the organization's revenue?
Revenue has been highly variable, with a peak of $5,972,002 in 2022 and a low of $955,567 in 2016. The latest reported revenue for 2023 was $3,561,823, showing a decrease from the previous year but still significantly higher than earlier periods.
Are the organization's liabilities a concern?
Liabilities have fluctuated significantly, reaching a high of $3,174,138 in 2021, exceeding assets in that year. However, liabilities decreased to $471,930 in 2023, which is a much healthier ratio compared to assets of $2,194,932, indicating improved financial positioning.
Filing History
IRS 990 filing history for Green Wood Historic Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Green Wood Historic Fund Inc's revenue has grown by 1216.7%, moving from $271K to $3.6M. Total assets increased by 1055.2% over the same period, from $190K to $2.2M. Total functional expenses rose by 717%, from $426K to $3.5M. In its most recent filing year (2023), Green Wood Historic Fund Inc reported a surplus of $84K, with revenue exceeding expenses. The organization holds $472K in liabilities against $2.2M in assets (debt-to-asset ratio: 21.5%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $3.5M | $2.2M | $472K | — | — |
| 2022 | $6.0M | $2.7M | $1.6M | $18K | — | View 990 |
| 2021 | $1.9M | $2.3M | $1.5M | $3.2M | — | View 990 |
| 2020 | $1.1M | $1.8M | $1.3M | $2.6M | — | — |
| 2019 | $1.4M | $2.9M | $1.6M | $2.2M | — | View 990 |
| 2018 | $3.4M | $3.6M | $2.1M | $1.2M | — | View 990 |
| 2017 | $1.1M | $1.1M | $2.1M | $1.0M | — | — |
| 2016 | $956K | $971K | $2.1M | $1000K | — | View 990 |
| 2015 | $2.0M | $1.1M | $1.7M | $581K | — | View 990 |
| 2014 | $1.6M | $1.6M | $924K | $664K | — | View 990 |
| 2013 | $1.1M | $880K | $390K | $126K | — | View 990 |
| 2012 | $462K | $404K | $389K | $334K | — | View 990 |
| 2011 | $271K | $426K | $190K | $193K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $3.5M, and assets of $2.2M (revenue -40.4% year-over-year).
- 2022: Revenue of $6.0M, expenses of $2.7M, and assets of $1.6M (revenue +215.0% year-over-year).
- 2021: Revenue of $1.9M, expenses of $2.3M, and assets of $1.5M (revenue +65.9% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.8M, and assets of $1.3M (revenue -15.6% year-over-year).
- 2019: Revenue of $1.4M, expenses of $2.9M, and assets of $1.6M (revenue -60.2% year-over-year).
- 2018: Revenue of $3.4M, expenses of $3.6M, and assets of $2.1M (revenue +197.5% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $2.1M (revenue +19.7% year-over-year).
- 2016: Revenue of $956K, expenses of $971K, and assets of $2.1M (revenue -51.7% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.1M, and assets of $1.7M (revenue +21.7% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $924K (revenue +49.3% year-over-year).
- 2013: Revenue of $1.1M, expenses of $880K, and assets of $390K (revenue +135.4% year-over-year).
- 2012: Revenue of $462K, expenses of $404K, and assets of $389K (revenue +70.9% year-over-year).
- 2011: Revenue of $271K, expenses of $426K, and assets of $190K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Green Wood Historic Fund Inc:
Data Sources and Methodology
This transparency report for Green Wood Historic Fund Inc 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.