Glens Falls Foundation

Analysis

Glens Falls Foundation is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in July 1944, 82 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Glens Falls Foundation reported income of $1.2m and spending of $1.1m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.6m to $1.2m (-67%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 291%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Glens Falls Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include The Pujols Family Foundation Inc ($1.2m), United Way of Waco-Mclennan County ($1.2m) and Going to the Sun ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $23.6m against liabilities of $0, net assets of $23.6m.