Glamourgals Foundation Inc

Analysis

Glamourgals Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Glamourgals Foundation Inc reported income of $966k and spending of $613k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $361k to $966k (+168%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Glamourgals Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include A Hand of Hope Pregnancy Resource Center ($966k), Albany Mennonite Home-Village Foundation Inc ($967k) and Northwest New Mexico First Born Program ($966k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $130k (21% of expenses). Other salaries and wages came to $203k. At year end it held assets of $1.7m against liabilities of $225k, net assets of $1.5m. It reported 5 employees.