Greenaway Foundation
Greenaway Foundation consistently operates at a significant deficit, spending more than it earns annually.
EIN: 136160948 · Stamford, CT · Updated: 2026-03-28
Is Greenaway Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greenaway Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Greenaway Foundation
Greenaway Foundation (EIN: 136160948) is a nonprofit organization based in Stamford, CT. The organization reported total revenue of $1 and total assets of $175K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenaway Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenaway Foundation is a micro nonprofit that has been operating for 65 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -5.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $24K |
| Total Expenses | $73K |
| Surplus / Deficit | $-49,080 |
| Total Assets | $251K |
| Total Liabilities | $1 |
| Net Assets | $251K |
| Operating Margin | -205.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 41.2 months |
Financial Health Grade: B
In 2024, Greenaway Foundation reported a deficit of $49K with expenses exceeding revenue, holds 41.2 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 (2012–2024), Greenaway Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +229.9% | +26.3% | -16.4% |
| 2023 | +26.1% | -85.2% | -14.2% |
| 2022 | -54.9% | +1024.4% | -36.0% |
| 2021 | -16.5% | -14.6% | +9.9% |
| 2020 | +21.0% | +14.0% | +212.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1961 |
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 Greenaway Foundation with a Mission Score of 45 out of 100 (Fair). 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, Greenaway Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $49K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that officers are either unpaid volunteers or receive no compensation, which is a positive sign for donor trust 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 Greenaway Foundation's IRS 990 filings:
- Consistent and significant operational deficits, spending far more than revenue in most years (e.g., $73,018 expenses vs. $23,938 revenue in 202404).
- Unusual and consistent reporting of $1 in liabilities across multiple recent filings.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering efficiency assessment.
- Unknown NTEE code, making it difficult to benchmark against peer organizations.
- Dramatic expense spike in 202204 ($390,175) without a corresponding revenue increase or clear explanation.
Strengths
The following positive indicators were identified for Greenaway Foundation:
- Zero officer compensation reported across all filings, indicating a commitment to minimizing executive overhead.
- Maintains a healthy asset base (e.g., $250,510 in 202404), suggesting some financial reserves despite operational deficits.
Frequently Asked Questions about Greenaway Foundation
Is Greenaway Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Greenaway Foundation (EIN: 136160948) significant concerns. Mission Score: 45/100. 5 red flags identified, 2 strengths noted.
How does Greenaway Foundation spend its money?
Greenaway Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greenaway Foundation tax-deductible?
Greenaway Foundation is registered as a tax-exempt nonprofit (EIN: 136160948). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Greenaway Foundation cover its consistent operational deficits?
The organization consistently spends more than its revenue, for example, $73,018 in expenses against $23,938 in revenue in 202404. It's unclear from the provided data how these deficits are funded, potentially through drawing down assets or other undisclosed sources.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided IRS 990 data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to assess spending efficiency accurately.
Why is the NTEE code unknown for this organization?
The NTEE code, which classifies the organization's primary purpose, is listed as 'Unknown'. This lack of classification can hinder comparative analysis with similar nonprofits.
What caused the significant spike in expenses in the 202204 period?
In 202204, expenses surged to $390,175 from $34,702 in 202104, while revenue remained low at $5,755. The reason for this dramatic increase in spending is not apparent from the provided data.
Filing History
IRS 990 filing history for Greenaway Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Greenaway Foundation's revenue has declined by 47.1%, moving from $45K to $24K. Total assets increased by 102.8% over the same period, from $124K to $251K. Total functional expenses rose by 125.9%, from $32K to $73K. In its most recent filing year (2024), Greenaway Foundation reported a deficit of $49K, with expenses exceeding revenue. The organization holds $1 in liabilities against $251K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $251K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $24K | $73K | $251K | $1 | — | — |
| 2023 | $7K | $58K | $300K | $1 | — | — |
| 2022 | $6K | $390K | $349K | $1 | — | — |
| 2021 | $13K | $35K | $545K | $1 | — | — |
| 2020 | $15K | $41K | $496K | $1 | — | View 990 |
| 2016 | $13K | $36K | $159K | $1 | — | View 990 |
| 2015 | $19K | $36K | $121K | $0 | — | View 990 |
| 2014 | $13K | $35K | $124K | $0 | — | View 990 |
| 2013 | $238K | $41K | $116K | $0 | — | View 990 |
| 2012 | $45K | $32K | $124K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $24K, expenses of $73K, and assets of $251K (revenue +229.9% year-over-year).
- 2023: Revenue of $7K, expenses of $58K, and assets of $300K (revenue +26.1% year-over-year).
- 2022: Revenue of $6K, expenses of $390K, and assets of $349K (revenue -54.9% year-over-year).
- 2021: Revenue of $13K, expenses of $35K, and assets of $545K (revenue -16.5% year-over-year).
- 2020: Revenue of $15K, expenses of $41K, and assets of $496K (revenue +21.0% year-over-year).
- 2016: Revenue of $13K, expenses of $36K, and assets of $159K (revenue -33.2% year-over-year).
- 2015: Revenue of $19K, expenses of $36K, and assets of $121K (revenue +49.8% year-over-year).
- 2014: Revenue of $13K, expenses of $35K, and assets of $124K (revenue -94.7% year-over-year).
- 2013: Revenue of $238K, expenses of $41K, and assets of $116K (revenue +425.0% year-over-year).
- 2012: Revenue of $45K, expenses of $32K, and assets of $124K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenaway Foundation:
Data Sources and Methodology
This transparency report for Greenaway 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.