Glad Valley Community Services Inc

Analysis

Glad Valley Community Services Inc is a registered charity in United States, based in Walkersville, MD. It received its IRS tax-exemption ruling in September 2005, 21 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, Glad Valley Community Services Inc reported income of $83k and spending of $65k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $399k to $83k (-79%), an average of -32% a year. The sharpest change came in the year to December 2020, when income dropped by 67%. Over the whole period it spent 30% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Glad Valley Community Services Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within MD. Charities of a similar size with the same main cause include National Institute of Govermental Purchasing Inc ($83k), Matthew 25 House Inc ($83k) and Impact 100 Wichita Falls ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 3.9% of the total. At year end it held assets of $936k against liabilities of $0, net assets of $936k.