Glen Cove Sage Foundation

Analysis

Glen Cove Sage Foundation is a registered charity in United States, based in Glen Cove, NY. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Glen Cove Sage Foundation reported income of $106k and spending of $91k, spending 86% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $48k to $106k (+121%), an average of +30% a year. The sharpest change came in the year to August 2022, when income rose by 241%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Glen Cove Sage Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include True Light Shines Ministries Inc ($106k), Image Bearers Arts Academy ($106k) and Tumwater Middle School Parent Teacher Organization ($106k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 47% of the total. At year end it held assets of $200k against liabilities of $0, net assets of $200k.