Glory Enterprises Inc

Analysis

Glory Enterprises Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Glory Enterprises Inc reported income of $65k and spending of $100k, spending 154% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $205k to $65k (-68%), an average of -44% a year. The sharpest change came in the year to December 2022, when income dropped by 68%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Glory Enterprises 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 26th percentile, and in the 23rd percentile within NE. Charities of a similar size with the same main cause include North Central Northwestern Religious Education Program ($65k), Pneuma Theological Seminary ($65k) and Storyweavers Global Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.