Gliding Stars

Analysis

Gliding Stars is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in September 1997, 29 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 2024, Gliding Stars reported income of $624k and spending of $615k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.4m to $624k (-55%), an average of -18% a year. The sharpest change came in the year to June 2022, when income rose by 481%. 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, Gliding Stars sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Dress for Success Palm Beaches Inc ($624k), Dayspring Christian Academy and Preschool Inc ($624k) and Bethlehem Community Preschool Inc ($624k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 5.3% of the total. Other salaries and wages came to $149k. At year end it held assets of $367k against liabilities of $27, net assets of $367k. It reported 5 employees.