Glacial Hills Elementary School

Analysis

Glacial Hills Elementary School is a registered charity in United States, based in Starbuck, MN. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Glacial Hills Elementary School reported income of $1.5m and spending of $1.6m, spending 109% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $1.5m to $1.5m (-2.5%), an average of -0.8% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Glacial Hills Elementary School sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Jesuit High School Foundation ($1.5m), Archie Tonge Education Fund ($1.5m) and Ohr Hachinuch Inc ($1.5m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 98% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $143k (8.9% of expenses). Other salaries and wages came to $653k. At year end it held assets of $1.0m against liabilities of $1.8m, net assets of -$810k. It reported 46 employees.