G D L Corporation-Gloria Dei Towers

Analysis

G D L Corporation-Gloria Dei Towers is a registered charity in United States, based in Warrington, PA. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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 May 2023, G D L Corporation-Gloria Dei Towers reported income of $2.3m and spending of $2.0m, spending 88% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.5m to $2.3m (+48%), an average of +10% a year. The sharpest change came in the year to May 2020, when income rose by 34%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, G D L Corporation-Gloria Dei Towers sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Orcas Island Food Bank ($2.3m), Wood Hudson Cancer Research Laboratory Inc ($2.3m) and Empower Cherokee of Ga Inc ($2.3m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $378k. At year end it held assets of $4.2m against liabilities of $2.2m, net assets of $2.0m. It reported 8 employees.