Glove House Inc

Analysis

Glove House Inc is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in May 1969, 57 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Glove House Inc reported income of $9.0m and spending of $9.1m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $11.4m to $9.0m (-21%), an average of -7.6% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Glove House Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Prime Time Palm Beach County Inc ($9.0m), Michigan 211 Inc ($9.0m) and Ccar Industries ($9.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $157k (1.7% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $3.8m against liabilities of $1.1m, net assets of $2.7m. It reported 143 employees.