Historic Glenwood Foundation Inc

Analysis

Historic Glenwood Foundation Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in May 1973, 53 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Glenwood Foundation Inc reported income of $130k and spending of $185k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $130k (+6.0%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Glenwood Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within WV. Charities of a similar size with the same main cause include Bennett Elderly Housing Inc ($130k), Native Plant Society of New Mexico ($130k) and Aquakids Inc ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Other salaries and wages came to $53k. At year end it held assets of $2.5m against liabilities of $1,533, net assets of $2.5m.