Greenlight Fund Inc
Greenlight Fund Inc shows consistent financial growth and strong asset accumulation with no reported officer compensation.
EIN: 200407083 · Boston, MA · NTEE: S50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $35.7M |
| Total Expenses | $12.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $55.6M |
| Transparency Score | 90/100 |
Is Greenlight Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greenlight Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greenlight Fund Inc
Greenlight Fund Inc (EIN: 200407083) is a nonprofit organization based in Boston, MA, classified under NTEE code S50. The organization reported total revenue of $35.7M and total assets of $57.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenlight Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenlight Fund Inc is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.9M |
| Total Expenses | $12.5M |
| Surplus / Deficit | +$2.4M |
| Total Assets | $56.2M |
| Total Liabilities | $575K |
| Net Assets | $55.6M |
| Operating Margin | 16.1% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 53.9 months |
Financial Health Grade: A
In 2023, Greenlight Fund Inc reported a surplus of $2.4M with revenue exceeding expenses, holds 53.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greenlight Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.6% | +27.2% | +6.7% |
| 2022 | -16.9% | +28.3% | +24.4% |
| 2021 | +161.7% | +18.1% | +77.3% |
| 2020 | -5.8% | +19.9% | +15.1% |
| 2019 | -16.0% | +14.2% | +33.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Greenlight Fund Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Greenlight Fund Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $2.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with assets exceeding $50 million. This could indicate that executive compensation is either paid through a related entity, covered by a different reporting line item, or that the organization is primarily run by volunteers at the executive level, which would be highly efficient.
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 Greenlight Fund Inc's IRS 990 filings:
- Unusually low reported liabilities relative to assets, which could warrant further investigation into financial structure.
- Consistent 0% officer compensation for an organization of this size, which may obscure actual executive remuneration if it's reported elsewhere.
Strengths
The following positive indicators were identified for Greenlight Fund Inc:
- Strong and consistent revenue growth over the past decade, from $2.78 million in 2014 to $14.91 million in 2023.
- Significant asset accumulation, growing from $3.49 million in 2014 to $56.20 million in 2023, indicating robust financial health.
- Consistent operational surplus, with revenues generally exceeding expenses in all reported periods.
- Low liability ratio, suggesting strong financial stability and minimal debt burden.
Frequently Asked Questions about Greenlight Fund Inc
Is Greenlight Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greenlight Fund Inc (EIN: 200407083) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Greenlight Fund Inc spend its money?
Greenlight Fund Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greenlight Fund Inc tax-deductible?
Greenlight Fund Inc is registered as a tax-exempt nonprofit (EIN: 200407083). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Greenlight Fund Inc CEO make?
Greenlight Fund Inc's highest-compensated officer earns $50 annually. The organization reported $35.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Greenlight Fund Inc's spending goes to programs?
Greenlight Fund Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greenlight Fund Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Greenlight Fund Inc is above average for NTEE category S50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greenlight Fund Inc located?
Greenlight Fund Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 200407083. It is classified under NTEE code S50.
How many years of IRS 990 filings does Greenlight Fund Inc have?
Greenlight 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 $35.7M in total revenue.
How does Greenlight Fund Inc manage to report 0% officer compensation given its scale?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with assets exceeding $50 million. This could imply that executive leadership is entirely volunteer-based, or that compensation is structured in a way that it's not reported under the 'Officer Comp' field, potentially through a related entity or as general salaries and wages.
What is the primary use of Greenlight Fund Inc's substantial assets?
Given its NTEE code S50 (Philanthropy, Voluntarism, and Grantmaking Foundations), it is highly probable that a significant portion of its assets are held as an endowment or investment fund, with the returns used to fund its grantmaking activities to other nonprofits.
Has Greenlight Fund Inc maintained its financial efficiency over time?
Yes, the organization has consistently maintained a healthy surplus, with revenues generally exceeding expenses. For example, in 2023, revenue was $14.91 million against expenses of $12.51 million, indicating efficient management of resources relative to its operational costs.
Filing History
IRS 990 filing history for Greenlight Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greenlight Fund Inc's revenue has grown by 462.2%, moving from $2.7M to $14.9M. Total assets increased by 1501.4% over the same period, from $3.5M to $56.2M. Total functional expenses rose by 1060.8%, from $1.1M to $12.5M. In its most recent filing year (2023), Greenlight Fund Inc reported a surplus of $2.4M, with revenue exceeding expenses. The organization holds $575K in liabilities against $56.2M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $55.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.9M | $12.5M | $56.2M | $575K | — | — |
| 2022 | $21.5M | $9.8M | $52.7M | $400K | — | — |
| 2021 | $25.8M | $7.7M | $42.4M | $607K | — | View 990 |
| 2020 | $9.9M | $6.5M | $23.9M | $141K | — | — |
| 2019 | $10.5M | $5.4M | $20.8M | $392K | — | — |
| 2018 | $12.5M | $4.7M | $15.5M | $250K | — | View 990 |
| 2017 | $4.9M | $4.4M | $7.9M | $366K | — | View 990 |
| 2016 | $6.8M | $3.9M | $7.8M | $728K | — | View 990 |
| 2015 | $4.3M | $3.4M | $4.5M | $352K | — | View 990 |
| 2014 | $2.8M | $2.9M | $3.5M | $235K | — | View 990 |
| 2013 | $2.2M | $2.2M | $3.7M | $318K | — | View 990 |
| 2012 | $1.2M | $1.2M | $3.5M | $55K | — | View 990 |
| 2011 | $2.7M | $1.1M | $3.5M | $113K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.9M, expenses of $12.5M, and assets of $56.2M (revenue -30.6% year-over-year).
- 2022: Revenue of $21.5M, expenses of $9.8M, and assets of $52.7M (revenue -16.9% year-over-year).
- 2021: Revenue of $25.8M, expenses of $7.7M, and assets of $42.4M (revenue +161.7% year-over-year).
- 2020: Revenue of $9.9M, expenses of $6.5M, and assets of $23.9M (revenue -5.8% year-over-year).
- 2019: Revenue of $10.5M, expenses of $5.4M, and assets of $20.8M (revenue -16.0% year-over-year).
- 2018: Revenue of $12.5M, expenses of $4.7M, and assets of $15.5M (revenue +156.5% year-over-year).
- 2017: Revenue of $4.9M, expenses of $4.4M, and assets of $7.9M (revenue -28.5% year-over-year).
- 2016: Revenue of $6.8M, expenses of $3.9M, and assets of $7.8M (revenue +57.4% year-over-year).
- 2015: Revenue of $4.3M, expenses of $3.4M, and assets of $4.5M (revenue +55.6% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.9M, and assets of $3.5M (revenue +24.8% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.2M, and assets of $3.7M (revenue +78.3% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $3.5M (revenue -52.9% year-over-year).
- 2011: Revenue of $2.7M, expenses of $1.1M, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenlight Fund Inc:
Data Sources and Methodology
This transparency report for Greenlight 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.