Greene Family Foundation Inc
Greene Family Foundation consistently accumulates assets with minimal expenses and no officer compensation.
EIN: 205465167 · Miramar Beach, FL · NTEE: T20 · Updated: 2026-03-28
Is Greene Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greene Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greene Family Foundation Inc
Greene Family Foundation Inc (EIN: 205465167) is a nonprofit organization based in Miramar Beach, FL, classified under NTEE code T20. The organization reported total revenue of $1.7M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greene Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greene Family Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 39.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $364K |
| Total Expenses | $30K |
| Surplus / Deficit | +$334K |
| Total Assets | $498K |
| Total Liabilities | $1 |
| Net Assets | $498K |
| Operating Margin | 91.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 199.7 months |
Financial Health Grade: A
In 2023, Greene Family Foundation Inc reported a surplus of $334K with revenue exceeding expenses, holds 199.7 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), Greene Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 39.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +250.1% | +52.6% | +5.3% |
| 2022 | -68.6% | +28.0% | +21.7% |
| 2021 | +3463.8% | -5.9% | +61.5% |
| 2020 | +95.1% | -11.0% | -2.8% |
| 2019 | -23.0% | +6.7% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Greene Family Foundation Inc with a Mission Score of 92 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Greene Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $334K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received salaries from the organization. This suggests a volunteer-driven leadership model, which is highly efficient for a foundation of its size, allowing more resources to be directed to its charitable purpose.
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.
Strengths
The following positive indicators were identified for Greene Family Foundation Inc:
- Consistent revenue growth in recent years (e.g., $363,562 in 2023)
- Extremely low expense ratio relative to revenue (e.g., less than 10% in 2023)
- Zero reported officer compensation across all filings
- Consistent asset growth (from $240,763 in 2020 to $497,885 in 2023)
- Minimal to no liabilities reported, indicating strong financial stability
Frequently Asked Questions about Greene Family Foundation Inc
Is Greene Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greene Family Foundation Inc (EIN: 205465167) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Greene Family Foundation Inc spend its money?
Greene Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greene Family Foundation Inc tax-deductible?
Greene Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205465167). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Greene Family Foundation Inc. a good charity?
Based on the provided financial data, Greene Family Foundation Inc. appears to be a very good charity from a financial efficiency and transparency perspective. It consistently generates significant revenue surpluses, maintains low expenses, and reports no officer compensation, indicating that nearly all resources are available for its programmatic mission.
How has the foundation's financial health changed over time?
The foundation's financial health has significantly improved, particularly in recent years. While revenue was modest and sometimes less than expenses in earlier periods (e.g., 2019-2020), it has seen substantial growth from 2021 ($330,400) to 2023 ($363,562), with expenses remaining very low. This has led to a steady increase in assets, from $240,763 in 2020 to $497,885 in 2023.
What is the organization's spending efficiency?
The organization demonstrates extremely high spending efficiency. For example, in 2023, expenses were only $29,924 against $363,562 in revenue, meaning less than 10% of its revenue was spent. This trend is consistent in recent years, indicating that a very large proportion of its income is retained or used for its mission rather than operational overhead.
Does the foundation have any debt?
The foundation consistently reports minimal liabilities, typically $1 across recent filings, and $0 in earlier filings. This indicates a virtually debt-free operation, which is a strong indicator of financial stability.
Filing History
IRS 990 filing history for Greene Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Greene Family Foundation Inc's revenue has grown by 5336%, moving from $7K to $364K. Total assets increased by 76% over the same period, from $283K to $498K. Total functional expenses rose by 680.5%, from $4K to $30K. In its most recent filing year (2023), Greene Family Foundation Inc reported a surplus of $334K, with revenue exceeding expenses. The organization holds $1 in liabilities against $498K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $498K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $364K | $30K | $498K | $1 | — | View 990 |
| 2022 | $104K | $20K | $473K | $1 | — | View 990 |
| 2021 | $330K | $15K | $389K | $1 | — | — |
| 2020 | $9K | $16K | $241K | $1 | — | View 990 |
| 2019 | $5K | $18K | $248K | $1 | — | View 990 |
| 2015 | $6K | $17K | $253K | $0 | — | View 990 |
| 2014 | $11K | $17K | $264K | $0 | — | View 990 |
| 2013 | $9K | $17K | $269K | $0 | — | View 990 |
| 2012 | $12K | $17K | $278K | $0 | — | View 990 |
| 2011 | $7K | $4K | $283K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $364K, expenses of $30K, and assets of $498K (revenue +250.1% year-over-year).
- 2022: Revenue of $104K, expenses of $20K, and assets of $473K (revenue -68.6% year-over-year).
- 2021: Revenue of $330K, expenses of $15K, and assets of $389K (revenue +3463.8% year-over-year).
- 2020: Revenue of $9K, expenses of $16K, and assets of $241K (revenue +95.1% year-over-year).
- 2019: Revenue of $5K, expenses of $18K, and assets of $248K (revenue -23.0% year-over-year).
- 2015: Revenue of $6K, expenses of $17K, and assets of $253K (revenue -46.1% year-over-year).
- 2014: Revenue of $11K, expenses of $17K, and assets of $264K (revenue +32.7% year-over-year).
- 2013: Revenue of $9K, expenses of $17K, and assets of $269K (revenue -26.5% year-over-year).
- 2012: Revenue of $12K, expenses of $17K, and assets of $278K (revenue +75.5% year-over-year).
- 2011: Revenue of $7K, expenses of $4K, and assets of $283K.
Data Sources and Methodology
This transparency report for Greene Family Foundation 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.