Glaad Inc

Analysis

Glaad Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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, Glaad Inc reported income of $25.3m and spending of $21.2m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $13.1m to $25.3m (+93%), an average of +18% a year. The sharpest change came in the year to September 2021, when income rose by 44%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glaad Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Mobilization for Justice Inc ($25.2m), American Gi Forum National Veterans Outreach Program Inc ($25.3m) and Southwestern Adventist University ($25.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 110% of the total. Compensation of current officers, directors and key employees was $2.1m (10% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $52.3m against liabilities of $3.3m, net assets of $49.0m. It reported 74 employees.