Greenwood
Greenwood shows consistent zero officer compensation and recent asset growth, despite fluctuating revenues.
EIN: 10545281 · South Berwick, ME · NTEE: C34 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $160K |
| Total Expenses | $140K |
| Program Spending | 85% |
| Net Assets | $96K |
| Transparency Score | 88/100 |
Is Greenwood Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greenwood directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greenwood
Greenwood (EIN: 10545281) is a nonprofit organization based in South Berwick, ME, classified under NTEE code C34. The organization reported total revenue of $160K and total assets of $96K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenwood's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenwood is a small nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $166K |
| Total Expenses | $140K |
| Surplus / Deficit | +$25K |
| Total Assets | $219K |
| Total Liabilities | $124K |
| Net Assets | $96K |
| Operating Margin | 15.4% |
| Debt-to-Asset Ratio | 56.4% |
| Months of Reserves | 18.7 months |
Financial Health Grade: A
In 2023, Greenwood reported a surplus of $25K with revenue exceeding expenses, holds 18.7 months of operating reserves (strong position), has a debt-to-asset ratio of 56.4% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Greenwood's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -43.4% | -48.8% | +190.0% |
| 2022 | +62.0% | +92.6% | -8.3% |
| 2021 | +28.0% | +32.9% | +37.2% |
| 2020 | +54.1% | -30.8% | -27.8% |
| 2019 | -31.4% | +2.6% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Greenwood with a Mission Score of 88 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, Greenwood 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 $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 56.4%.
Executive Compensation Analysis
Greenwood consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led organization or one with extremely low administrative overhead, directing all available funds to its programs.
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 Greenwood's IRS 990 filings:
- Significant increase in liabilities from $5,575 in 202206 to $123,755 in 202306, requiring further clarification.
- Fluctuating revenue and expense figures over the past decade, indicating potential variability in funding or program activity.
Strengths
The following positive indicators were identified for Greenwood:
- Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
- Positive net assets and recent growth in assets to $219,290 in 202306.
- Generally operates with a surplus, as seen in 202306 (Revenue $165,930 vs. Expenses $140,444).
Frequently Asked Questions about Greenwood
Is Greenwood a legitimate charity?
Based on AI analysis of IRS 990 filings, Greenwood (EIN: 10545281) some concerns. Mission Score: 88/100. 2 red flags identified, 3 strengths noted.
How does Greenwood spend its money?
Greenwood directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greenwood tax-deductible?
Greenwood is registered as a tax-exempt nonprofit (EIN: 10545281). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greenwood's spending goes to programs?
Greenwood directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greenwood compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Greenwood is above average for NTEE category C34 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greenwood located?
Greenwood is headquartered in South Berwick, Maine and files with the IRS under EIN 10545281. It is classified under NTEE code C34.
How many years of IRS 990 filings does Greenwood have?
Greenwood has 12 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 $160K in total revenue.
Is Greenwood a good charity?
Based on the available IRS 990 data, Greenwood appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to program spending. While revenue and expenses fluctuate, the organization generally maintains a positive financial position, with recent asset growth.
What caused the significant increase in liabilities in 202306?
In 202306, liabilities increased to $123,755 from $5,575 in 202206. The IRS 990 data alone does not specify the nature of these liabilities (e.g., program-related debt, capital expenditures, or deferred revenue), which would require further investigation into the detailed financial statements.
How does Greenwood sustain operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that Greenwood's leadership may be entirely volunteer-based, or that any compensation for key personnel is categorized differently within the expense structure, though the former is more likely for a smaller organization with this reporting pattern.
Filing History
IRS 990 filing history for Greenwood showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Greenwood's revenue has grown by 10.7%, moving from $150K to $166K. Total assets decreased by 8.3% over the same period, from $239K to $219K. Total functional expenses fell by 51.9%, from $292K to $140K. In its most recent filing year (2023), Greenwood reported a surplus of $25K, with revenue exceeding expenses. The organization holds $124K in liabilities against $219K in assets (debt-to-asset ratio: 56.4%), resulting in net assets of $96K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $166K | $140K | $219K | $124K | — | View 990 |
| 2022 | $293K | $274K | $76K | $6K | — | View 990 |
| 2021 | $181K | $142K | $82K | $30K | — | View 990 |
| 2020 | $141K | $107K | $60K | $47K | — | View 990 |
| 2019 | $92K | $155K | $83K | $107K | — | View 990 |
| 2018 | $134K | $151K | $79K | $37K | — | View 990 |
| 2017 | $193K | $276K | $73K | $17K | — | View 990 |
| 2016 | $167K | $183K | $168K | $56K | — | View 990 |
| 2015 | $221K | $191K | $254K | $106K | — | View 990 |
| 2014 | $268K | $230K | $243K | $126K | — | View 990 |
| 2013 | $288K | $256K | $173K | $92K | — | View 990 |
| 2012 | $150K | $292K | $239K | $191K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $166K, expenses of $140K, and assets of $219K (revenue -43.4% year-over-year).
- 2022: Revenue of $293K, expenses of $274K, and assets of $76K (revenue +62.0% year-over-year).
- 2021: Revenue of $181K, expenses of $142K, and assets of $82K (revenue +28.0% year-over-year).
- 2020: Revenue of $141K, expenses of $107K, and assets of $60K (revenue +54.1% year-over-year).
- 2019: Revenue of $92K, expenses of $155K, and assets of $83K (revenue -31.4% year-over-year).
- 2018: Revenue of $134K, expenses of $151K, and assets of $79K (revenue -30.6% year-over-year).
- 2017: Revenue of $193K, expenses of $276K, and assets of $73K (revenue +15.2% year-over-year).
- 2016: Revenue of $167K, expenses of $183K, and assets of $168K (revenue -24.2% year-over-year).
- 2015: Revenue of $221K, expenses of $191K, and assets of $254K (revenue -17.5% year-over-year).
- 2014: Revenue of $268K, expenses of $230K, and assets of $243K (revenue -6.9% year-over-year).
- 2013: Revenue of $288K, expenses of $256K, and assets of $173K (revenue +91.8% year-over-year).
- 2012: Revenue of $150K, expenses of $292K, and assets of $239K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenwood:
Data Sources and Methodology
This transparency report for Greenwood 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.