Glens Falls Civic Center Foundation Inc

Analysis

Glens Falls Civic Center Foundation Inc is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Civic Center Foundation Inc reported income of $71k and spending of $70k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $71k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Glens Falls Civic Center Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Northside Community Council ($71k), Northwest Missouri Enterprise Facilitation ($71k) and Quality Education and Water for All ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.