Greenwich Center For Hope & Renewal Inc
Greenwich Center For Hope & Renewal Inc shows consistent financial growth and stability with no reported officer compensation.
EIN: 205770507 · Greenwich, CT · NTEE: P40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.3 |
| Net Assets | $790K |
| Transparency Score | 90/100 |
Is Greenwich Center For Hope & Renewal Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greenwich Center For Hope & Renewal Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greenwich Center For Hope & Renewal Inc
Greenwich Center For Hope & Renewal Inc (EIN: 205770507) is a nonprofit organization based in Greenwich, CT, classified under NTEE code P40. The organization reported total revenue of $1.3M and total assets of $840K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenwich Center For Hope & Renewal Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenwich Center For Hope & Renewal Inc is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$75K |
| Total Assets | $840K |
| Total Liabilities | $50K |
| Net Assets | $790K |
| Operating Margin | 5.7% |
| Debt-to-Asset Ratio | 6.0% |
| Months of Reserves | 8.1 months |
Financial Health Grade: A
In 2024, Greenwich Center For Hope & Renewal Inc reported a surplus of $75K with revenue exceeding expenses, holds 8.1 months of operating reserves (strong position), has a debt-to-asset ratio of 6.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Greenwich Center For Hope & Renewal Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -1.4% | -3.0% | +10.9% |
| 2023 | +2.9% | -2.2% | +8.4% |
| 2022 | -5.3% | -2.6% | -6.2% |
| 2021 | +233.1% | +358.9% | +11.5% |
| 2020 | -14.1% | -22.0% | +21.6% |
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 Greenwich Center For Hope & Renewal 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, Greenwich Center For Hope & Renewal 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $75K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization with over $1.3 million in annual revenue and suggests a strong volunteer-driven leadership or alternative compensation structures not captured as 'officer compensation'.
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 Greenwich Center For Hope & Renewal Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data
- Unusually low (0%) officer compensation for an organization of this size, which might warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Greenwich Center For Hope & Renewal Inc:
- Consistent revenue growth, increasing from ~$400k to over $1.3M annually.
- Strong financial health with revenues consistently exceeding expenses in recent years.
- Growing asset base, reaching $839,665 in 202406.
- Very low liabilities relative to assets and revenue, indicating financial prudence.
- Reported 0% officer compensation across all filings, suggesting high efficiency in directing funds to mission.
Frequently Asked Questions about Greenwich Center For Hope & Renewal Inc
Is Greenwich Center For Hope & Renewal Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greenwich Center For Hope & Renewal Inc (EIN: 205770507) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Greenwich Center For Hope & Renewal Inc spend its money?
Greenwich Center For Hope & Renewal Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greenwich Center For Hope & Renewal Inc tax-deductible?
Greenwich Center For Hope & Renewal Inc is registered as a tax-exempt nonprofit (EIN: 205770507). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Greenwich Center For Hope & Renewal Inc CEO make?
Greenwich Center For Hope & Renewal Inc's highest-compensated officer earns $1.3 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Greenwich Center For Hope & Renewal Inc's spending goes to programs?
Greenwich Center For Hope & Renewal Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greenwich Center For Hope & Renewal Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Greenwich Center For Hope & Renewal Inc is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greenwich Center For Hope & Renewal Inc located?
Greenwich Center For Hope & Renewal Inc is headquartered in Greenwich, Connecticut and files with the IRS under EIN 205770507. It is classified under NTEE code P40.
How many years of IRS 990 filings does Greenwich Center For Hope & Renewal Inc have?
Greenwich Center For Hope & Renewal Inc has 14 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 $1.3M in total revenue.
Is Greenwich Center For Hope & Renewal Inc a good charity?
Based on the provided financial data, Greenwich Center For Hope & Renewal Inc appears to be a good charity. It demonstrates strong financial health with consistent revenue growth, surpluses, and increasing assets. The reported 0% officer compensation is a significant positive indicator of resources being directed towards its mission.
How has the organization's revenue changed over time?
The organization's revenue has significantly increased over time, growing from approximately $400,000-$500,000 annually between 2017-2019 to over $1.3 million in the most recent periods (e.g., $1,316,176 in 202406).
What is the organization's financial stability?
Greenwich Center For Hope & Renewal Inc exhibits strong financial stability. It consistently generates surpluses (e.g., $75,325 in 202406), has growing assets ($839,665 in 202406), and maintains relatively low liabilities ($50,064 in 202406).
Does the organization pay its executives?
According to the provided IRS 990 data, the organization reports 0% officer compensation across all 14 filings, suggesting that no officers received compensation from the organization.
Filing History
IRS 990 filing history for Greenwich Center For Hope & Renewal Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Greenwich Center For Hope & Renewal Inc's revenue has grown by 222%, moving from $409K to $1.3M. Total assets increased by 109.6% over the same period, from $401K to $840K. Total functional expenses rose by 197.9%, from $417K to $1.2M. In its most recent filing year (2024), Greenwich Center For Hope & Renewal Inc reported a surplus of $75K, with revenue exceeding expenses. The organization holds $50K in liabilities against $840K in assets (debt-to-asset ratio: 6.0%), resulting in net assets of $790K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.3M | $1.2M | $840K | $50K | — | View 990 |
| 2023 | $1.3M | $1.3M | $757K | $43K | — | View 990 |
| 2022 | $1.3M | $1.3M | $699K | $25K | — | View 990 |
| 2021 | $1.4M | $1.3M | $745K | $50K | — | View 990 |
| 2020 | $412K | $293K | $668K | $0 | — | View 990 |
| 2019 | $479K | $375K | $549K | $0 | — | View 990 |
| 2018 | $495K | $498K | $450K | $8K | — | View 990 |
| 2017 | $488K | $454K | $453K | $8K | — | View 990 |
| 2016 | $102K | $195K | $420K | $10K | — | View 990 |
| 2015 | $381K | $396K | $512K | $8K | — | View 990 |
| 2014 | $420K | $359K | $527K | $8K | — | View 990 |
| 2013 | $450K | $378K | $464K | $5K | — | View 990 |
| 2012 | $331K | $345K | $387K | $0 | — | View 990 |
| 2011 | $409K | $417K | $401K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.3M, expenses of $1.2M, and assets of $840K (revenue -1.4% year-over-year).
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $757K (revenue +2.9% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.3M, and assets of $699K (revenue -5.3% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.3M, and assets of $745K (revenue +233.1% year-over-year).
- 2020: Revenue of $412K, expenses of $293K, and assets of $668K (revenue -14.1% year-over-year).
- 2019: Revenue of $479K, expenses of $375K, and assets of $549K (revenue -3.3% year-over-year).
- 2018: Revenue of $495K, expenses of $498K, and assets of $450K (revenue +1.4% year-over-year).
- 2017: Revenue of $488K, expenses of $454K, and assets of $453K (revenue +379.5% year-over-year).
- 2016: Revenue of $102K, expenses of $195K, and assets of $420K (revenue -73.3% year-over-year).
- 2015: Revenue of $381K, expenses of $396K, and assets of $512K (revenue -9.1% year-over-year).
- 2014: Revenue of $420K, expenses of $359K, and assets of $527K (revenue -6.8% year-over-year).
- 2013: Revenue of $450K, expenses of $378K, and assets of $464K (revenue +35.9% year-over-year).
- 2012: Revenue of $331K, expenses of $345K, and assets of $387K (revenue -19.0% year-over-year).
- 2011: Revenue of $409K, expenses of $417K, and assets of $401K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenwich Center For Hope & Renewal Inc:
Data Sources and Methodology
This transparency report for Greenwich Center For Hope & Renewal 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.