Greentree Foundation
Greentree Foundation maintains substantial assets and stable expenses with zero reported officer compensation.
EIN: 133132117 · Manhasset, NY · Updated: 2026-03-28
Is Greentree Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greentree Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greentree Foundation
Greentree Foundation (EIN: 133132117) is a nonprofit organization based in Manhasset, NY. The organization reported total revenue of $24.2M and total assets of $334.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greentree Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greentree Foundation is a large nonprofit that has been operating for 44 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.2M |
| Total Expenses | $10.7M |
| Surplus / Deficit | $-1,478,152 |
| Total Assets | $321.2M |
| Total Liabilities | $12K |
| Net Assets | $321.2M |
| Operating Margin | -16.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 361.8 months |
Financial Health Grade: B
In 2023, Greentree Foundation reported a deficit of $1.5M with expenses exceeding revenue, holds 361.8 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), Greentree Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.2% | -1.0% | +7.8% |
| 2022 | -52.0% | +14.3% | -15.1% |
| 2021 | -46.4% | +5.2% | +7.8% |
| 2020 | +100.8% | -7.8% | +8.4% |
| 2019 | +23.3% | -17.0% | +11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Greentree 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Greentree Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 deficit of $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Greentree Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and asset base. This suggests either a volunteer leadership model or that compensation is reported under different categories, warranting further investigation for complete transparency.
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 Greentree Foundation's IRS 990 filings:
- 0% officer compensation reported, which is highly unusual for an organization of this scale and warrants further investigation into how executive leadership is compensated or structured.
Strengths
The following positive indicators were identified for Greentree Foundation:
- Strong financial health with assets consistently over $260 million.
- Very low liabilities, indicating minimal debt and strong financial management.
- Stable expense levels despite fluctuating revenue, suggesting consistent operational capacity.
- Consistent reporting of 0% officer compensation, indicating a potential commitment to directing funds towards mission or a unique leadership structure.
Frequently Asked Questions about Greentree Foundation
Is Greentree Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Greentree Foundation (EIN: 133132117) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Greentree Foundation spend its money?
Greentree Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greentree Foundation tax-deductible?
Greentree Foundation is registered as a tax-exempt nonprofit (EIN: 133132117). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Greentree Foundation manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with assets exceeding $300 million and annual expenses around $10 million. This could imply a volunteer-led executive team, or that executive compensation is categorized differently within their financial statements, such as under general administrative expenses, rather than explicitly as officer compensation. Further detail from their full IRS Form 990 would be needed to clarify this.
What is the primary source of Greentree Foundation's fluctuating revenue?
The significant fluctuations in revenue, such as $39.7 million in 2020 compared to $9.2 million in 2023, suggest that the foundation's income may be heavily reliant on investment returns, large one-time grants, or capital gains from asset sales, rather than consistent program service fees or annual donations. Given its substantial asset base, investment income is a likely major contributor.
How does Greentree Foundation maintain such low liabilities?
Greentree Foundation consistently reports very low liabilities, often in the tens of thousands of dollars, against assets in the hundreds of millions. This indicates a very strong balance sheet, minimal debt, and effective financial management, suggesting the organization operates primarily with its own capital rather than borrowed funds.
Filing History
IRS 990 filing history for Greentree Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Greentree Foundation's revenue has declined by 12.1%, moving from $10.4M to $9.2M. Total assets increased by 23% over the same period, from $261.2M to $321.2M. Total functional expenses fell by 17.2%, from $12.9M to $10.7M. In its most recent filing year (2023), Greentree Foundation reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $12K in liabilities against $321.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $321.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.2M | $10.7M | $321.2M | $12K | — | — |
| 2022 | $10.2M | $10.8M | $298.0M | $18K | — | View 990 |
| 2021 | $21.3M | $9.4M | $350.9M | $21K | — | View 990 |
| 2020 | $39.7M | $8.9M | $325.7M | $20K | — | View 990 |
| 2019 | $19.8M | $9.7M | $300.4M | $18K | — | View 990 |
| 2015 | $16.0M | $11.7M | $269.7M | $14K | — | View 990 |
| 2014 | $10.6M | $11.7M | $276.4M | $17K | — | View 990 |
| 2013 | $13.5M | $12.3M | $282.8M | $14K | — | View 990 |
| 2012 | $10.4M | $12.9M | $261.2M | $13K | — | View 990 |
| 2011 | $10.4M | $12.9M | $261.2M | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.2M, expenses of $10.7M, and assets of $321.2M (revenue -10.2% year-over-year).
- 2022: Revenue of $10.2M, expenses of $10.8M, and assets of $298.0M (revenue -52.0% year-over-year).
- 2021: Revenue of $21.3M, expenses of $9.4M, and assets of $350.9M (revenue -46.4% year-over-year).
- 2020: Revenue of $39.7M, expenses of $8.9M, and assets of $325.7M (revenue +100.8% year-over-year).
- 2019: Revenue of $19.8M, expenses of $9.7M, and assets of $300.4M (revenue +23.3% year-over-year).
- 2015: Revenue of $16.0M, expenses of $11.7M, and assets of $269.7M (revenue +51.2% year-over-year).
- 2014: Revenue of $10.6M, expenses of $11.7M, and assets of $276.4M (revenue -21.3% year-over-year).
- 2013: Revenue of $13.5M, expenses of $12.3M, and assets of $282.8M (revenue +29.2% year-over-year).
- 2012: Revenue of $10.4M, expenses of $12.9M, and assets of $261.2M (revenue +0.0% year-over-year).
- 2011: Revenue of $10.4M, expenses of $12.9M, and assets of $261.2M.
Data Sources and Methodology
This transparency report for Greentree 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.