Glenmoira Inc

Analysis

Glenmoira Inc is a registered charity in United States, based in Bay Village, OH. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Glenmoira Inc reported income of $331k and spending of $17k, leaving 95% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $233k to $331k (+42%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 1330%. Over the whole period it spent 5.8% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Glenmoira Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include 573 Warren Street HD FC ($331k), McCreary Apartments Inc ($331k) and Commonwealth Catholic Charities Housing Corp ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 111% of the total. At year end it held assets of $856k against liabilities of $0, net assets of $856k.