Glen Eddy Inc

Analysis

Glen Eddy Inc is a registered charity in United States, based in Niskayuna, NY. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Glen Eddy Inc reported income of $7.3m and spending of $7.7m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.5m to $7.3m (-3.5%), an average of -0.9% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Glen Eddy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Family Services Network of New York ($7.3m), Urban League of Essex County ($7.3m) and Mujeres Unidas Y Activas ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 95% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $16.6m against liabilities of $23.4m, net assets of -$6.7m. It reported 122 employees.