Greenwich Alliance For Educationfoundation Inc
Greenwich Alliance For Educationfoundation Inc shows strong financial growth and zero executive compensation.
EIN: 204356460 · Greenwich, CT · NTEE: B82 · Updated: 2026-03-28
Is Greenwich Alliance For Educationfoundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greenwich Alliance For Educationfoundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greenwich Alliance For Educationfoundation Inc
Greenwich Alliance For Educationfoundation Inc (EIN: 204356460) is a nonprofit organization based in Greenwich, CT, classified under NTEE code B82. The organization reported total revenue of $1.0M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenwich Alliance For Educationfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenwich Alliance For Educationfoundation Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $965K |
| Total Expenses | $678K |
| Surplus / Deficit | +$287K |
| Total Assets | $1.6M |
| Total Liabilities | $61K |
| Net Assets | $1.5M |
| Operating Margin | 29.8% |
| Debt-to-Asset Ratio | 3.8% |
| Months of Reserves | 28.3 months |
Financial Health Grade: A
In 2023, Greenwich Alliance For Educationfoundation Inc reported a surplus of $287K with revenue exceeding expenses, holds 28.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greenwich Alliance For Educationfoundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.9% | +27.0% | +19.6% |
| 2022 | +77.1% | +3.9% | +57.7% |
| 2021 | +20.4% | -13.6% | +15.3% |
| 2020 | -18.7% | +17.9% | -9.1% |
| 2019 | +32.8% | +11.3% | +15.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Greenwich Alliance For Educationfoundation 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, Greenwich Alliance For Educationfoundation 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 $287K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.8%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization with over $1 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 Greenwich Alliance For Educationfoundation Inc:
- Consistent 0% officer compensation, indicating high dedication to mission.
- Strong asset growth from $846,805 in 2021 to $1,596,615 in 2023.
- Healthy revenue exceeding expenses in recent years, demonstrating financial sustainability.
- Low liabilities relative to assets, indicating sound financial management.
- Consistent IRS 990 filing history over 13 periods, showing transparency.
Frequently Asked Questions about Greenwich Alliance For Educationfoundation Inc
Is Greenwich Alliance For Educationfoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greenwich Alliance For Educationfoundation Inc (EIN: 204356460) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Greenwich Alliance For Educationfoundation Inc spend its money?
Greenwich Alliance For Educationfoundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greenwich Alliance For Educationfoundation Inc tax-deductible?
Greenwich Alliance For Educationfoundation Inc is registered as a tax-exempt nonprofit (EIN: 204356460). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Greenwich Alliance For Educationfoundation Inc a good charity?
Based on its financial data, Greenwich Alliance For Educationfoundation Inc appears to be a very good charity. It consistently reports 0% officer compensation, has growing assets, and maintains a healthy surplus, indicating efficient use of funds and strong financial management.
How has the organization's financial health changed over time?
The organization has shown significant financial growth, with assets increasing from $591,044 in 2015 to $1,596,615 in 2023. Revenue has also generally trended upwards, demonstrating a strong and improving financial position.
What is the organization's approach to executive compensation?
Greenwich Alliance For Educationfoundation Inc has a highly commendable approach to executive compensation, consistently reporting 0% officer compensation across all available filings, meaning no officers are paid salaries by the organization.
Filing History
IRS 990 filing history for Greenwich Alliance For Educationfoundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greenwich Alliance For Educationfoundation Inc's revenue has grown by 305.1%, moving from $238K to $965K. Total assets increased by 580.6% over the same period, from $235K to $1.6M. Total functional expenses rose by 238%, from $201K to $678K. In its most recent filing year (2023), Greenwich Alliance For Educationfoundation Inc reported a surplus of $287K, with revenue exceeding expenses. The organization holds $61K in liabilities against $1.6M in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $965K | $678K | $1.6M | $61K | — | — |
| 2022 | $1.1M | $534K | $1.3M | $35K | — | View 990 |
| 2021 | $599K | $514K | $847K | $71K | — | View 990 |
| 2020 | $497K | $595K | $734K | $34K | — | — |
| 2019 | $612K | $504K | $808K | $10K | — | View 990 |
| 2018 | $461K | $453K | $700K | $9K | — | View 990 |
| 2017 | $447K | $376K | $686K | $3K | — | View 990 |
| 2016 | $345K | $320K | $615K | $3K | — | View 990 |
| 2015 | $400K | $489K | $591K | $3K | — | View 990 |
| 2014 | $576K | $209K | $680K | $3K | — | View 990 |
| 2013 | $232K | $187K | $312K | $2K | — | View 990 |
| 2012 | $205K | $171K | $266K | $1K | — | View 990 |
| 2011 | $238K | $201K | $235K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $965K, expenses of $678K, and assets of $1.6M (revenue -8.9% year-over-year).
- 2022: Revenue of $1.1M, expenses of $534K, and assets of $1.3M (revenue +77.1% year-over-year).
- 2021: Revenue of $599K, expenses of $514K, and assets of $847K (revenue +20.4% year-over-year).
- 2020: Revenue of $497K, expenses of $595K, and assets of $734K (revenue -18.7% year-over-year).
- 2019: Revenue of $612K, expenses of $504K, and assets of $808K (revenue +32.8% year-over-year).
- 2018: Revenue of $461K, expenses of $453K, and assets of $700K (revenue +3.0% year-over-year).
- 2017: Revenue of $447K, expenses of $376K, and assets of $686K (revenue +29.8% year-over-year).
- 2016: Revenue of $345K, expenses of $320K, and assets of $615K (revenue -13.8% year-over-year).
- 2015: Revenue of $400K, expenses of $489K, and assets of $591K (revenue -30.6% year-over-year).
- 2014: Revenue of $576K, expenses of $209K, and assets of $680K (revenue +148.5% year-over-year).
- 2013: Revenue of $232K, expenses of $187K, and assets of $312K (revenue +13.2% year-over-year).
- 2012: Revenue of $205K, expenses of $171K, and assets of $266K (revenue -14.1% year-over-year).
- 2011: Revenue of $238K, expenses of $201K, and assets of $235K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenwich Alliance For Educationfoundation Inc:
Data Sources and Methodology
This transparency report for Greenwich Alliance For Educationfoundation 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.