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Greenlight Fund
Greenlight Fund reported $15.3 million in revenue and $15.2 million in expenses for calendar year 2024. Of every $100 it spent, $82.02 went to program services, $13.97 to management and general costs and $4.01 to fundraising. Its largest source of revenue was contributions and grants: 93.5% of the total. The highest compensation it reported for one person was $207,503 (VP, DEVELOPMENT AND EXPANSION). 25 people received more than $100,000 in reportable compensation. Revenue rose 46% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $15MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $15MOther revenue was negative: −$379K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.0% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.0% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 93.5% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $207,503 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.36% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 25 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 44.5 | 9.2 |
| Independent voting board members Part VI 1a–1b | 16 of 17 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseTo meet its mission in the thirteen cities where it operates, the Greenlight Fund does the following:- runs an annual process to identify critical community needs; searches the country to find innovative, results-oriented nonprofit approaches to meeting needs; conducts rigorous diligence on these nonprofits to understand their outcomes, revenue model, replicability, and potential fit on the local landscape; and selects one organization to import into the city that shows the greatest promise of making a significant, measurable impact as cost effectively as possible.- supports organizations it…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| VP, DEVELOPMENT AND EXPANSION Highest compensated employee, 40.00 hrs/week | $184,458 | $0 | $23,045 | $207,503 |
| VP OF SITE SUCCESS & BOSTON ED Highest compensated employee, 40.00 hrs/week | $190,977 | $0 | $16,378 | $207,355 |
| VP, NATIONAL PORTFOLIO & LEARNING Highest compensated employee, 40.00 hrs/week | $199,931 | $0 | $5,535 | $205,466 |
| VP, PEOPLE, EQUITY & CULTURE Highest compensated employee, 40.00 hrs/week | $171,488 | $0 | $31,680 | $203,168 |
| CEO (AS OF 5/2024) Director/trustee, officer, 40.00 hrs/week | $187,666 | $0 | $8,452 | $196,118 |
| VP OF SITE SUCCESS & BAY AREA ED Highest compensated employee, 40.00 hrs/week | $186,542 | $0 | $9,317 | $195,859 |
| CEO (UNTIL 3/31/24) Director/trustee, officer, 40.00 hrs/week | $176,554 | $0 | $16,073 | $192,627 |
| VP, FINANCE & OPERATIONS Officer, 40.00 hrs/week | $171,486 | $0 | $15,618 | $187,104 |
25 people received more than $100,000 in reportable compensation from Greenlight Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $580K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 16 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 570
- Volunteers Part I, line 6455
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| CULTURESPEED COMMUNICATIONS LLC Public relations consulting | $130,595 |
| KOYA LEADERSHIP PARTNERS LLC Recruitment services | $121,753 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
68 private foundations reported grants to Greenlight Fund totaling $6.2M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Greenlight Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Greenlight Fund, you can publish a response that is linked from this page.
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Of every $100 Greenlight Fund spent in 2024, $82.02 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Commission on Economic Opportunity for the Greater Capital RegionTroy, NY · revenue $15M · programs 91.8% · FY2025
- Massachusetts Manufacturing Extension PartnershipAuburn, MA · revenue $15M · programs 82.4% · FY2025
- Initiative FoundationLittle Falls, MN · revenue $15M · programs 86.3% · 2024
- Salesmanship Club of DallasDallas, TX · revenue $15M · programs 95.5% · FY2025
- The Storehouse Community CenterPlano, TX · revenue $15M · programs 93.3% · FY2025
All community improvement & capacity building charities · Largest charities in Massachusetts
Questions people ask
How much of Greenlight Fund's spending goes to programs?
In calendar year 2024, Greenlight Fund reported that 82.0% of its $15.2 million in expenses went to program services, 14.0% to management and general and 4.0% to fundraising (Form 990, Part IX).
How much does Greenlight Fund pay its top executive?
The largest total compensation Greenlight Fund reported for one person in calendar year 2024 was $207,503, for the role of VP, DEVELOPMENT AND EXPANSION (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Greenlight Fund get its money?
Of $15.3 million in revenue in calendar year 2024, 93.5% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Greenlight Fund a registered charity?
The IRS lists EIN 20-0407083 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202512689349300116 · read the filing
- 2023: Form 990 for calendar year 2023, object 202442749349300349 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303059349301540 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233139349301528 · read the filing
- 2020: Form 990 for calendar year 2020, object 202121939349301467 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013169349305021 · read the filing
All filings for EIN 20-0407083: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.