Glades Initiative Inc

Analysis

Glades Initiative Inc is a registered charity in United States, based in Belle Glade, FL. It received its IRS tax-exemption ruling in November 2002, 24 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 September 2023, Glades Initiative Inc reported income of $2.5m and spending of $2.0m, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.0m to $2.5m (+140%), an average of +24% a year. The sharpest change came in the year to September 2020, when income rose by 145%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Glades Initiative Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Turning Point Inc ($2.5m), LA Plazita ($2.5m) and Dutton Farm Inc ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $146k (7.2% of expenses). Other salaries and wages came to $500k. At year end it held assets of $3.9m against liabilities of $54k, net assets of $3.8m. It reported 19 employees.