Greenhouse17 Inc
Greenhouse17 Inc consistently maintains positive net income and zero officer compensation over a decade.
EIN: 201965942 · Lexington, KY · NTEE: P43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $4.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $2.0M |
| Transparency Score | 95/100 |
Is Greenhouse17 Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greenhouse17 Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greenhouse17 Inc
Greenhouse17 Inc (EIN: 201965942) is a nonprofit organization based in Lexington, KY, classified under NTEE code P43. The organization reported total revenue of $4.4M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenhouse17 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenhouse17 Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$87K |
| Total Assets | $2.6M |
| Total Liabilities | $637K |
| Net Assets | $2.0M |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 24.2% |
| Months of Reserves | 7.9 months |
Financial Health Grade: A
In 2023, Greenhouse17 Inc reported a surplus of $87K with revenue exceeding expenses, holds 7.9 months of operating reserves (strong position), has a debt-to-asset ratio of 24.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greenhouse17 Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.6% | +16.4% | +1.8% |
| 2022 | -15.8% | -13.6% | -6.2% |
| 2021 | +30.7% | +29.4% | +11.9% |
| 2020 | +6.4% | +11.6% | -1.7% |
| 2019 | +42.0% | +33.3% | +39.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Greenhouse17 Inc with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Greenhouse17 Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $87K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly commendable and indicates that all resources are directed towards the organization's mission rather than executive salaries, especially for an organization with over $4 million in annual revenue.
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 Greenhouse17 Inc:
- Consistent positive net income, indicating financial stability (e.g., $86,753 surplus in 2023).
- Zero officer compensation reported across all 13 filings, demonstrating exceptional resource allocation to mission.
- Steady growth in assets over the past decade, from $1.8M in 2014 to $2.6M in 2023.
- Consistent revenue growth, nearly tripling from $1.5M in 2014 to over $4M in 2023.
- Effective expense management, with expenses consistently below revenue in most recent years.
Frequently Asked Questions about Greenhouse17 Inc
Is Greenhouse17 Inc a legitimate charity?
Greenhouse17 Inc (EIN: 201965942) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.4M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Greenhouse17 Inc spend its money?
Greenhouse17 Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Greenhouse17 Inc tax-deductible?
Greenhouse17 Inc is registered as a tax-exempt nonprofit (EIN: 201965942). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Greenhouse17 Inc CEO make?
Greenhouse17 Inc's highest-compensated officer earns $4 annually. The organization reported $4.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Greenhouse17 Inc's spending goes to programs?
Greenhouse17 Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greenhouse17 Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Greenhouse17 Inc is above average for NTEE category P43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greenhouse17 Inc located?
Greenhouse17 Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 201965942. It is classified under NTEE code P43.
How many years of IRS 990 filings does Greenhouse17 Inc have?
Greenhouse17 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 $4.4M in total revenue.
Is Greenhouse17 Inc a good charity?
Based on the provided financial data, Greenhouse17 Inc appears to be a very good charity. It consistently generates positive net income, has growing assets, and notably reports 0% officer compensation across all filings, indicating a strong commitment to its mission and efficient use of funds.
How has Greenhouse17 Inc's financial health changed over time?
Greenhouse17 Inc has shown consistent financial growth and stability. Revenue has increased from $1,521,052 in 2014 to $4,082,876 in 2023, and assets have grown from $1,806,605 to $2,630,512 over the same period. The organization has maintained a positive net income in most years, demonstrating robust financial management.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly conservative, with 0% reported officer compensation across all 13 available filings. This suggests a strong dedication to directing financial resources entirely towards programmatic activities.
Filing History
IRS 990 filing history for Greenhouse17 Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greenhouse17 Inc's revenue has grown by 166.3%, moving from $1.5M to $4.1M. Total assets increased by 44.1% over the same period, from $1.8M to $2.6M. Total functional expenses rose by 156.7%, from $1.6M to $4.0M. In its most recent filing year (2023), Greenhouse17 Inc reported a surplus of $87K, with revenue exceeding expenses. The organization holds $637K in liabilities against $2.6M in assets (debt-to-asset ratio: 24.2%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $4.0M | $2.6M | $637K | — | View 990 |
| 2022 | $3.5M | $3.4M | $2.6M | $678K | — | View 990 |
| 2021 | $4.2M | $4.0M | $2.8M | $963K | — | — |
| 2020 | $3.2M | $3.1M | $2.5M | $938K | — | — |
| 2019 | $3.0M | $2.7M | $2.5M | $1.1M | — | View 990 |
| 2018 | $2.1M | $2.1M | $1.8M | $678K | — | View 990 |
| 2017 | $1.8M | $1.8M | $1.7M | $680K | — | View 990 |
| 2016 | $1.6M | $1.6M | $1.7M | $670K | — | View 990 |
| 2015 | $1.6M | $1.5M | $1.7M | $663K | — | View 990 |
| 2014 | $1.5M | $1.5M | $1.8M | $817K | — | View 990 |
| 2013 | $1.6M | $1.7M | $1.7M | $780K | — | View 990 |
| 2012 | $1.8M | $1.7M | $1.9M | $800K | — | View 990 |
| 2011 | $1.5M | $1.6M | $1.8M | $911K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $4.0M, and assets of $2.6M (revenue +15.6% year-over-year).
- 2022: Revenue of $3.5M, expenses of $3.4M, and assets of $2.6M (revenue -15.8% year-over-year).
- 2021: Revenue of $4.2M, expenses of $4.0M, and assets of $2.8M (revenue +30.7% year-over-year).
- 2020: Revenue of $3.2M, expenses of $3.1M, and assets of $2.5M (revenue +6.4% year-over-year).
- 2019: Revenue of $3.0M, expenses of $2.7M, and assets of $2.5M (revenue +42.0% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.1M, and assets of $1.8M (revenue +18.1% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.8M, and assets of $1.7M (revenue +14.4% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.6M, and assets of $1.7M (revenue +0.3% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $1.7M (revenue +3.1% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $1.8M (revenue -6.6% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.7M, and assets of $1.7M (revenue -9.8% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.7M, and assets of $1.9M (revenue +17.7% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.6M, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenhouse17 Inc:
Data Sources and Methodology
This transparency report for Greenhouse17 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.