Greenpath
Also known as See Schedule O
Greenpath reported $46.9 million in revenue and $45.1 million in expenses for calendar year 2024. Of every $100 it spent, $87.42 went to program services, $8.34 to management and general costs and $4.24 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 77.9% of the total. Government grants made up 6.3%. The highest compensation it reported for one person was $519,626 (PRESIDENT & CEO). 38 people received more than $100,000 in reportable compensation. Revenue rose 16% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $45MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 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 $47MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.4% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.3% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.2% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.23 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 17.4% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 6.3% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 77.9% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $519,626 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.15% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 38 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 13.1 | 6.9 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 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 expenseConsumer credit counseling, education, and financial wellness programs: greenpath delivers free 1-on-1 financial counseling, credit counseling, student loan counseling, pre-filing bankruptcy counseling, financial education and debt management services to people in all 50 states. In 2024, we provided these credit and debt counseling services to about 73,000 households. We also helped more than 60,000 people repay more than $220 million in debt
Housing counseling: as a department of housing and urban development (hud) intermediary and housing counseling agency, greenpath provides mortgage/rent delinquency counseling, pre-purchase home buyer counseling and education, and reverse mortgage (hecm) counseling to people in all 50 states. In 2024, we provided these housing counseling services to about 40,000 households. Note: revenue from this activity is federally funded and, therefore, included under part viii (1) contributions and grants
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 |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 30.00 hrs/week | $474,384 | $0 | $45,242 | $519,626 |
| COO Key employee, 40.00 hrs/week | $332,592 | $0 | $50,951 | $383,543 |
| CIO Key employee, 38.00 hrs/week | $325,434 | $0 | $38,443 | $363,877 |
| CHIEF BUSINESS DEVELOPMENT OFFICER Key employee, 35.00 hrs/week | $263,194 | $0 | $41,461 | $304,655 |
| CHIEF PEOPLE OFFICER Key employee, 40.00 hrs/week | $238,944 | $0 | $46,251 | $285,195 |
| CFO (SERVED UNTIL 09/2024) Officer, 23.00 hrs/week | $265,414 | $0 | $11,485 | $276,899 |
| CLIENT SVCS & PROGRAM PERFORMANCE Highest compensated employee, 32.00 hrs/week | $231,842 | $0 | $40,038 | $271,880 |
| DIRECTOR OF STAKEHOLDER ENGAGEMENT Highest compensated employee, 20.00 hrs/week | $188,985 | $0 | $57,579 | $246,564 |
38 people received more than $100,000 in reportable compensation from Greenpath (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.4M (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–1b10 · 10 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 4Yes
- 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 5500
- Volunteers Part I, line 610
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| ASPIRE SYSTEMS DIGITAL TRANSFORMATIONS It services | $2,560,951 |
| GOOGLE LLC Marketing services | $238,820 |
| ADP LLC Payroll services | $225,708 |
| CLIFTONLARSONALLEN LLP Accounting services | $206,006 |
| LEAP AGENCY LLC Marketing services | $135,900 |
Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Greenpath totaling $29 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 Greenpath's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Greenpath, you can publish a response that is linked from this page.
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Of every $100 Greenpath spent in 2024, $87.42 went to programs. The full breakdown, from its IRS Form 990:
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All human services charities · Largest charities in Michigan
Questions people ask
How much of Greenpath's spending goes to programs?
In calendar year 2024, Greenpath reported that 87.4% of its $45.1 million in expenses went to program services, 8.3% to management and general and 4.2% to fundraising (Form 990, Part IX).
How much does Greenpath pay its top executive?
The largest total compensation Greenpath reported for one person in calendar year 2024 was $519,626, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Greenpath get its money?
Of $46.9 million in revenue in calendar year 2024, 17.4% came from contributions and grants (including 6.3% from government grants) and 77.9% from program service revenue (Form 990, Part VIII).
Is Greenpath a registered charity?
The IRS lists EIN 38-6142925 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), 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 202503159349303060 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202442509349300449 · read the filing
- 2022: Form 990 for calendar year 2022, object 202332059349300808 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213159349304371 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113019349301776 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033119349301238 · read the filing
All filings for EIN 38-6142925: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.