Glynwood Center Inc

Analysis

Glynwood Center Inc is a registered charity in United States, based in Cold Spring, NY. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 March 2024, Glynwood Center Inc reported income of $5.7m and spending of $6.5m, spending 114% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $2.9m to $5.7m (+98%), an average of +15% a year. The sharpest change came in the year to March 2021, when income rose by 86%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glynwood Center Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Regional Services and Education Center Inc ($5.7m), American Indian Oic Inc ($5.7m) and Fit Academy ($5.7m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 81% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $713k (11% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $32.0m against liabilities of $544k, net assets of $31.5m. It reported 53 employees.