Glory Reborn Inc

Analysis

Glory Reborn Inc is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Glory Reborn Inc reported income of $373k and spending of $367k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $407k to $373k (-8.4%), an average of -2.2% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Glory Reborn Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Bock Family Foundation Inc ($373k), Im Not Done Yet Foundation Inc ($373k) and Leadership Perimeter Inc ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $37k (10% of expenses). At year end it held assets of $631k against liabilities of $4,098, net assets of $627k. It reported 1 employees.