Glades Correctional Development Corporation

Analysis

Glades Correctional Development Corporation is a registered charity in United States, based in Moore Haven, FL. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Glades Correctional Development Corporation reported income of $834k and spending of $4.1m, spending 494% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $17.1m to $834k (-95%), an average of -53% a year. The sharpest change came in the year to September 2023, when income dropped by 90%. Over the whole period it spent 100% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Glades Correctional Development Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Ms Center for Police & Sheriffs ($833k), Magnolia Medical Foundation ($834k) and Council on American-Islamic Relati ($833k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 89% of the total. At year end it held assets of $19.3m against liabilities of $25.7m, net assets of -$6.4m.