Greenacre Foundation
Greenacre Foundation consistently reports zero officer compensation amidst steady asset growth.
EIN: 132621502 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $24.8M |
| Total Expenses | $2.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $38 |
| Net Assets | $38.4M |
| Transparency Score | 90/100 |
Is Greenacre Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greenacre Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greenacre Foundation
Greenacre Foundation (EIN: 132621502) is a nonprofit organization based in New York, NY. The organization reported total revenue of $24.8M and total assets of $44.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenacre Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenacre Foundation is a large nonprofit that has been operating for 58 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$570K |
| Total Assets | $38.4M |
| Total Liabilities | $1 |
| Net Assets | $38.4M |
| Operating Margin | 19.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 199.2 months |
Financial Health Grade: A
In 2023, Greenacre Foundation reported a surplus of $570K with revenue exceeding expenses, holds 199.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Greenacre Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +277.6% | +21.8% | +1.5% |
| 2022 | -85.2% | -12.0% | -3.4% |
| 2021 | +67.6% | +28.4% | +8.3% |
| 2020 | +19.3% | +2.6% | +7.9% |
| 2019 | -7.8% | -0.6% | +9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1968 |
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 Greenacre Foundation with a Mission Score of 90 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, Greenacre Foundation 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 $570K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for a foundation of its size with assets exceeding $38 million.
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 Greenacre Foundation's IRS 990 filings:
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) in provided data
- Significant discrepancy between 'Latest Revenue' and annual reported revenues without explanation
Strengths
The following positive indicators were identified for Greenacre Foundation:
- Consistent reporting of 0% officer compensation
- Steady growth in assets over the past decade, indicating financial stability
- Expenses consistently lower than revenue in most years, allowing for asset accumulation
- Low liabilities across most reporting periods
Frequently Asked Questions about Greenacre Foundation
Is Greenacre Foundation a legitimate charity?
Greenacre Foundation (EIN: 132621502) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $24.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Greenacre Foundation spend its money?
Greenacre Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Greenacre Foundation tax-deductible?
Greenacre Foundation is registered as a tax-exempt nonprofit (EIN: 132621502). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Greenacre Foundation CEO make?
Greenacre Foundation's highest-compensated officer earns $38 annually. The organization reported $24.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Greenacre Foundation's spending goes to programs?
Greenacre Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Greenacre Foundation located?
Greenacre Foundation is headquartered in New York, New York and files with the IRS under EIN 132621502.
How many years of IRS 990 filings does Greenacre Foundation have?
Greenacre Foundation has 10 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 $24.8M in total revenue.
What is the nature of the 'Latest Revenue' of $24,798,515, and how does it compare to the typical annual revenue?
The 'Latest Revenue' figure is significantly higher than the annual revenues reported in the individual 990 filings (e.g., $2.88 million in 2023). This suggests a large, potentially one-time, influx of funds that warrants further investigation to understand its source and intended use.
How does Greenacre Foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based or compensated through other means not reported as officer compensation on the 990, such as through a related entity, or that the foundation primarily functions as a grant-making entity with minimal internal operational staff.
What are the specific program activities funded by Greenacre Foundation?
The provided data does not detail the specific program activities. Further examination of the full IRS 990 forms would be necessary to understand the nature of their programmatic spending and mission fulfillment.
Filing History
IRS 990 filing history for Greenacre Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Greenacre Foundation's revenue has grown by 38.9%, moving from $2.1M to $2.9M. Total assets increased by 43.9% over the same period, from $26.7M to $38.4M. Total functional expenses rose by 44.5%, from $1.6M to $2.3M. In its most recent filing year (2023), Greenacre Foundation reported a surplus of $570K, with revenue exceeding expenses. The organization holds $1 in liabilities against $38.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $38.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.3M | $38.4M | $1 | — | — |
| 2022 | $763K | $1.9M | $37.8M | $1 | — | View 990 |
| 2021 | $5.1M | $2.2M | $39.1M | $153K | — | View 990 |
| 2020 | $3.1M | $1.7M | $36.1M | $146K | — | View 990 |
| 2019 | $2.6M | $1.6M | $33.5M | $9K | — | — |
| 2015 | $2.8M | $1.6M | $30.5M | $15K | — | View 990 |
| 2014 | $2.8M | $1.6M | $38.3M | $133K | — | View 990 |
| 2013 | $2.6M | $1.6M | $28.2M | $21K | — | View 990 |
| 2012 | $2.0M | $1.5M | $27.4M | $226K | — | View 990 |
| 2011 | $2.1M | $1.6M | $26.7M | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.3M, and assets of $38.4M (revenue +277.6% year-over-year).
- 2022: Revenue of $763K, expenses of $1.9M, and assets of $37.8M (revenue -85.2% year-over-year).
- 2021: Revenue of $5.1M, expenses of $2.2M, and assets of $39.1M (revenue +67.6% year-over-year).
- 2020: Revenue of $3.1M, expenses of $1.7M, and assets of $36.1M (revenue +19.3% year-over-year).
- 2019: Revenue of $2.6M, expenses of $1.6M, and assets of $33.5M (revenue -7.8% year-over-year).
- 2015: Revenue of $2.8M, expenses of $1.6M, and assets of $30.5M (revenue -0.5% year-over-year).
- 2014: Revenue of $2.8M, expenses of $1.6M, and assets of $38.3M (revenue +9.1% year-over-year).
- 2013: Revenue of $2.6M, expenses of $1.6M, and assets of $28.2M (revenue +27.0% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.5M, and assets of $27.4M (revenue -2.5% year-over-year).
- 2011: Revenue of $2.1M, expenses of $1.6M, and assets of $26.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenacre Foundation:
Data Sources and Methodology
This transparency report for Greenacre Foundation 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.