Greenwich House Inc
Greenwich House Inc. shows consistent revenue growth and substantial asset accumulation with no reported officer compensation.
EIN: 135562204 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $22.7M |
| Total Expenses | $20.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $22M |
| Net Assets | $9.2M |
| Transparency Score | 85/100 |
Is Greenwich House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greenwich House Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greenwich House Inc
Greenwich House Inc (EIN: 135562204) is a nonprofit organization based in New York, NY. The organization reported total revenue of $22.7M and total assets of $48.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenwich House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenwich House Inc is a large nonprofit that has been operating for 96 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.3M |
| Total Expenses | $20.9M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $16.6M |
| Total Liabilities | $7.4M |
| Net Assets | $9.2M |
| Operating Margin | 6.2% |
| Debt-to-Asset Ratio | 44.4% |
| Months of Reserves | 9.5 months |
Financial Health Grade: A
In 2023, Greenwich House Inc reported a surplus of $1.4M with revenue exceeding expenses, holds 9.5 months of operating reserves (strong position), has a debt-to-asset ratio of 44.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greenwich House Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.7% | +9.0% | +37.8% |
| 2022 | +10.1% | +11.0% | -14.7% |
| 2021 | +17.9% | +12.0% | +22.2% |
| 2020 | -3.1% | +4.1% | +18.5% |
| 2019 | +8.0% | +4.1% | +11.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1930 |
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 House Inc with a Mission Score of 85 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 House 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 $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.4%.
Executive Compensation Analysis
The provided IRS 990 data consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of this size ($22M+ revenue) and suggests either a fully volunteer executive leadership or that compensation is reported under a different category, requiring further scrutiny for complete understanding.
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 House Inc's IRS 990 filings:
- Unclear executive compensation reporting (0% reported for all periods, which is highly unusual for an organization of this scale)
Strengths
The following positive indicators were identified for Greenwich House Inc:
- Consistent revenue growth over the past decade, from $11.7M in 2014 to $22.3M in 2023.
- Consistent operating surpluses, indicating sound financial management (e.g., $1.3M surplus in 2023).
- Substantial asset growth, from $7.0M in 2016 to $48.1M currently, enhancing long-term stability.
- Strong financial health with assets significantly exceeding liabilities (e.g., $48.1M assets vs. $7.3M liabilities in 2023).
Frequently Asked Questions about Greenwich House Inc
Is Greenwich House Inc a legitimate charity?
Greenwich House Inc (EIN: 135562204) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $22.7M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Greenwich House Inc spend its money?
Greenwich House Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Greenwich House Inc tax-deductible?
Greenwich House Inc is registered as a tax-exempt nonprofit (EIN: 135562204). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Greenwich House Inc CEO make?
Greenwich House Inc's highest-compensated officer earns $22M annually. The organization reported $22.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Greenwich House Inc's spending goes to programs?
Greenwich House Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Greenwich House Inc located?
Greenwich House Inc is headquartered in New York, New York and files with the IRS under EIN 135562204.
How many years of IRS 990 filings does Greenwich House Inc have?
Greenwich House 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 $22.7M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of Greenwich House Inc.'s size and revenue. This could indicate a volunteer executive leadership, or that executive compensation is categorized differently within the IRS 990, such as under general salaries or as part of program expenses, which would require reviewing the full 990 forms for clarification.
What caused the significant increase in assets from $16.5M in 2023 to $48.1M in the latest period?
The substantial increase in assets from $16,592,825 in the 2023 fiscal year to $48,113,990 in the latest reported period suggests a significant event such as a major capital campaign, a large donation, investment gains, or the acquisition of new property. Further investigation into the organization's financial statements would be needed to pinpoint the exact cause.
What is the organization's NTEE code and primary program areas?
The NTEE code is not provided in the summary data. To understand Greenwich House Inc.'s primary program areas and mission, one would need to consult their official website or the full IRS 990 filings, which detail their program service accomplishments.
Filing History
IRS 990 filing history for Greenwich House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greenwich House Inc's revenue has grown by 68.5%, moving from $13.2M to $22.3M. Total assets increased by 142.4% over the same period, from $6.8M to $16.6M. Total functional expenses rose by 58.5%, from $13.2M to $20.9M. In its most recent filing year (2023), Greenwich House Inc reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $7.4M in liabilities against $16.6M in assets (debt-to-asset ratio: 44.4%), resulting in net assets of $9.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22.3M | $20.9M | $16.6M | $7.4M | — | — |
| 2022 | $19.6M | $19.2M | $12.0M | $4.4M | — | View 990 |
| 2021 | $17.8M | $17.3M | $14.1M | $6.0M | — | View 990 |
| 2020 | $15.1M | $15.4M | $11.5M | $4.4M | — | View 990 |
| 2019 | $15.6M | $14.8M | $9.7M | $2.1M | — | View 990 |
| 2018 | $14.4M | $14.3M | $8.7M | $1.8M | — | View 990 |
| 2017 | $14.4M | $13.3M | $8.6M | $1.7M | — | View 990 |
| 2016 | $13.5M | $12.5M | $7.0M | $1.6M | — | View 990 |
| 2015 | $14.2M | $13.0M | $8.1M | $3.5M | — | View 990 |
| 2014 | $11.7M | $11.2M | $7.9M | $4.5M | — | View 990 |
| 2013 | $10.4M | $11.1M | $6.7M | $4.1M | — | View 990 |
| 2012 | $11.5M | $12.2M | $7.0M | $4.2M | — | View 990 |
| 2011 | $13.2M | $13.2M | $6.8M | $3.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22.3M, expenses of $20.9M, and assets of $16.6M (revenue +13.7% year-over-year).
- 2022: Revenue of $19.6M, expenses of $19.2M, and assets of $12.0M (revenue +10.1% year-over-year).
- 2021: Revenue of $17.8M, expenses of $17.3M, and assets of $14.1M (revenue +17.9% year-over-year).
- 2020: Revenue of $15.1M, expenses of $15.4M, and assets of $11.5M (revenue -3.1% year-over-year).
- 2019: Revenue of $15.6M, expenses of $14.8M, and assets of $9.7M (revenue +8.0% year-over-year).
- 2018: Revenue of $14.4M, expenses of $14.3M, and assets of $8.7M (revenue +0.1% year-over-year).
- 2017: Revenue of $14.4M, expenses of $13.3M, and assets of $8.6M (revenue +7.0% year-over-year).
- 2016: Revenue of $13.5M, expenses of $12.5M, and assets of $7.0M (revenue -5.4% year-over-year).
- 2015: Revenue of $14.2M, expenses of $13.0M, and assets of $8.1M (revenue +21.5% year-over-year).
- 2014: Revenue of $11.7M, expenses of $11.2M, and assets of $7.9M (revenue +12.7% year-over-year).
- 2013: Revenue of $10.4M, expenses of $11.1M, and assets of $6.7M (revenue -9.7% year-over-year).
- 2012: Revenue of $11.5M, expenses of $12.2M, and assets of $7.0M (revenue -12.9% year-over-year).
- 2011: Revenue of $13.2M, expenses of $13.2M, and assets of $6.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenwich House Inc:
Data Sources and Methodology
This transparency report for Greenwich House 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.