Glenmeadow Inc

Analysis

Glenmeadow Inc is a registered charity in United States, based in Longmeadow, MA. It received its IRS tax-exemption ruling in January 1935, 91 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Glenmeadow Inc reported income of $11.0m and spending of $13.5m, spending 123% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $12.3m to $11.0m (-11%), an average of -2.8% a year. The sharpest change came in the year to September 2023, when income dropped by 35%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Glenmeadow Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Avenue Community Development Coporation ($11.0m), Habitat for Humanity of Metro Louisville Inc ($11.0m) and Isles Inc ($11.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $463k (3.4% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $52.2m against liabilities of $39.2m, net assets of $13.0m. It reported 332 employees.