Glacier Hills Foundation

Analysis

Glacier Hills Foundation is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Glacier Hills Foundation reported income of $2.3m and spending of $737k, leaving 69% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $2.3m (+128%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 359%. Over the whole period it spent 41% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Glacier Hills Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Acacia Real Estate Development Inc ($2.3m), Neighborhood Housing Services of Los Angeles County ($2.3m) and Wesley House Community Center ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $158k (21% of expenses). Other salaries and wages came to $127k. At year end it held assets of $15.1m against liabilities of $38k, net assets of $15.1m.