Greyhound Friends Inc
Greyhound Friends Inc: Financial Stability Amidst Fluctuating Revenue
EIN: 222624136 · Hopkinton, MA · NTEE: D200 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $229K |
| Total Expenses | $325K |
| Program Spending | 70% |
| Net Assets | $1.0M |
| Transparency Score | 75/100 |
Is Greyhound Friends Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greyhound Friends Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Greyhound Friends Inc
Greyhound Friends Inc (EIN: 222624136) is a nonprofit organization based in Hopkinton, MA, classified under NTEE code D200. The organization reported total revenue of $229K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greyhound Friends Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greyhound Friends Inc is a small nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $847K |
| Total Expenses | $325K |
| Surplus / Deficit | +$523K |
| Total Assets | $1.1M |
| Total Liabilities | $110K |
| Net Assets | $1.0M |
| Operating Margin | 61.7% |
| Debt-to-Asset Ratio | 9.7% |
| Months of Reserves | 41.9 months |
Financial Health Grade: A
In 2023, Greyhound Friends Inc reported a surplus of $523K with revenue exceeding expenses, holds 41.9 months of operating reserves (strong position), has a debt-to-asset ratio of 9.7% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Greyhound Friends Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +261.1% | +21.2% | +38.6% |
| 2022 | -27.0% | +6.1% | -6.9% |
| 2021 | +84.6% | -17.3% | -0.8% |
| 2020 | +79.7% | +695.4% | -6.1% |
| 2019 | +56.2% | -74.8% | +4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Greyhound Friends Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Greyhound Friends Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $523K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.7%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, indicating it may be below reporting thresholds or not applicable.
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 Greyhound Friends Inc's IRS 990 filings:
- Significant decline in revenue from $444,410 in 2016 to $84,747 in 2023 raises concerns about long-term financial sustainability.
- The organization reported zero compensation (c0%) for all years, which could indicate reliance on volunteer leadership or a lack of transparency regarding compensation if it exists.
Strengths
The following positive indicators were identified for Greyhound Friends Inc:
- Consistent growth in total assets from $930,472 in 2016 to $1,135,195 in 2023 demonstrates strong financial stewardship and asset accumulation.
- Despite revenue fluctuations, the organization has maintained a healthy asset base, suggesting resilience and effective management of existing resources.
Frequently Asked Questions about Greyhound Friends Inc
Is Greyhound Friends Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greyhound Friends Inc (EIN: 222624136) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does Greyhound Friends Inc spend its money?
Greyhound Friends Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greyhound Friends Inc tax-deductible?
Greyhound Friends Inc is registered as a tax-exempt nonprofit (EIN: 222624136). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greyhound Friends Inc's spending goes to programs?
Greyhound Friends Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Greyhound Friends Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Greyhound Friends Inc is above average for NTEE category D200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greyhound Friends Inc located?
Greyhound Friends Inc is headquartered in Hopkinton, Massachusetts and files with the IRS under EIN 222624136. It is classified under NTEE code D200.
How many years of IRS 990 filings does Greyhound Friends Inc have?
Greyhound Friends 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 $229K in total revenue.
What does Greyhound Friends Inc do?
Greyhound Friends Inc is a nonprofit organization in the Animal-Related sector, located in Hopkinton, Massachusetts. It is classified under NTEE code D200.
How much revenue does Greyhound Friends Inc have?
Greyhound Friends Inc reported total revenue of $229,019. Based on 14 IRS 990 filings on record.
What are Greyhound Friends Inc's total assets?
Greyhound Friends Inc holds total assets of $1,063,699 as reported in IRS 990 filings.
Where is Greyhound Friends Inc located?
Greyhound Friends Inc is based in Hopkinton, Massachusetts.
What is Greyhound Friends Inc's EIN?
Greyhound Friends Inc's Employer Identification Number (EIN) is 222624136. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Greyhound Friends Inc?
Greyhound Friends Inc is classified under NTEE code D200 (Animal-Related).
Is Greyhound Friends Inc a registered 501(c)(3)?
Yes, Greyhound Friends Inc is recognized as a tax-exempt organization by the IRS. EIN: 222624136.
Does Greyhound Friends Inc file IRS Form 990?
Yes, Greyhound Friends Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Greyhound Friends Inc's revenue in 2023?
In the 202312 filing period, Greyhound Friends Inc reported total revenue of $847,470, total expenses of $324,861, and net assets of $1,135,195.
Is Greyhound Friends Inc's revenue growing or declining?
Greyhound Friends Inc's revenue is growing. Revenue went from $234,707 (202212) to $847,470 (202312), a +261.1% change. Based on 14 filings on record.
What is Greyhound Friends Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Greyhound Friends Inc covers tax period 202312. It shows revenue of $847,470, expenses of $324,861, total assets of $1,135,195, and liabilities of $110,193.
How much does Greyhound Friends Inc spend on programs vs administration?
Based on IRS 990 analysis, Greyhound Friends Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Greyhound Friends Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Greyhound Friends Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Greyhound Friends Inc?
The following concerns were identified: Significant decline in revenue from $444,410 in 2016 to $84,747 in 2023 raises concerns about long-term financial sustainability.. The organization reported zero compensation (c0%) for all years, which could indicate reliance on volunteer leadership or a lack of transparency regarding compensation if it exists.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Greyhound Friends Inc's strengths?
Positive indicators for Greyhound Friends Inc include: Consistent growth in total assets from $930,472 in 2016 to $1,135,195 in 2023 demonstrates strong financial stewardship and asset accumulation.. Despite revenue fluctuations, the organization has maintained a healthy asset base, suggesting resilience and effective management of existing resources.. These findings are derived from AI analysis of the organization's financial filings.
How does Greyhound Friends Inc compensate executives?
Executive compensation is not reported in the provided data, indicating it may be below reporting thresholds or not applicable. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Greyhound Friends Inc managed to increase its assets from $930,472 in 2016 to $1,135,195 in 2023 despite a substantial decrease in reported revenue over the same period?
The increase in assets despite declining revenue could be attributed to various factors such as significant non-cash contributions, investment gains, or a reduction in liabilities that are not explicitly detailed in the provided summary data.
Filing History
IRS 990 filing history for Greyhound Friends Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Greyhound Friends Inc's revenue has grown by 76.8%, moving from $479K to $847K. Total assets increased by 12.8% over the same period, from $1.0M to $1.1M. Total functional expenses fell by 38.6%, from $529K to $325K. In its most recent filing year (2023), Greyhound Friends Inc reported a surplus of $523K, with revenue exceeding expenses. The organization holds $110K in liabilities against $1.1M in assets (debt-to-asset ratio: 9.7%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $847K | $325K | $1.1M | $110K | — | View 990 |
| 2022 | $235K | $268K | $819K | $315K | — | — |
| 2021 | $321K | $253K | $880K | $343K | — | View 990 |
| 2020 | $174K | $306K | $887K | $432K | — | View 990 |
| 2019 | $97K | $38K | $944K | $357K | — | View 990 |
| 2018 | $62K | $152K | $905K | $426K | — | View 990 |
| 2017 | $242K | $334K | $924K | $370K | — | View 990 |
| 2016 | $444K | $709K | $930K | $389K | — | View 990 |
| 2015 | $447K | $743K | $1.2M | $398K | — | View 990 |
| 2014 | $1.0M | $696K | $1.4M | $343K | — | View 990 |
| 2013 | $422K | $841K | $1.1M | $336K | — | View 990 |
| 2012 | $1.2M | $820K | $1.5M | $339K | — | View 990 |
| 2011 | $776K | $579K | $1.1M | $333K | — | View 990 |
| 2010 | $479K | $529K | $1.0M | $406K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $847K, expenses of $325K, and assets of $1.1M (revenue +261.1% year-over-year).
- 2022: Revenue of $235K, expenses of $268K, and assets of $819K (revenue -27.0% year-over-year).
- 2021: Revenue of $321K, expenses of $253K, and assets of $880K (revenue +84.6% year-over-year).
- 2020: Revenue of $174K, expenses of $306K, and assets of $887K (revenue +79.7% year-over-year).
- 2019: Revenue of $97K, expenses of $38K, and assets of $944K (revenue +56.2% year-over-year).
- 2018: Revenue of $62K, expenses of $152K, and assets of $905K (revenue -74.3% year-over-year).
- 2017: Revenue of $242K, expenses of $334K, and assets of $924K (revenue -45.6% year-over-year).
- 2016: Revenue of $444K, expenses of $709K, and assets of $930K (revenue -0.6% year-over-year).
- 2015: Revenue of $447K, expenses of $743K, and assets of $1.2M (revenue -55.7% year-over-year).
- 2014: Revenue of $1.0M, expenses of $696K, and assets of $1.4M (revenue +139.0% year-over-year).
- 2013: Revenue of $422K, expenses of $841K, and assets of $1.1M (revenue -65.7% year-over-year).
- 2012: Revenue of $1.2M, expenses of $820K, and assets of $1.5M (revenue +58.5% year-over-year).
- 2011: Revenue of $776K, expenses of $579K, and assets of $1.1M (revenue +61.8% year-over-year).
- 2010: Revenue of $479K, expenses of $529K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greyhound Friends Inc:
Data Sources and Methodology
This transparency report for Greyhound Friends 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.