Glenwood Inc

Analysis

Glenwood Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in August 1974, 52 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Glenwood Inc reported income of $33.3m and spending of $30.5m, spending 92% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $22.9m to $33.3m (+45%), an average of +13% a year. The sharpest change came in the year to September 2022, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glenwood Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within AL. Charities of a similar size with the same main cause include Greater Boston Legal Services Inc ($33.2m), Rochambeau the French International School of Washington DC ($33.4m) and Athenian School ($33.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.3% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $615k (2.0% of expenses). Other salaries and wages came to $19.9m. At year end it held assets of $30.3m against liabilities of $3.5m, net assets of $26.8m. It reported 555 employees.