Gloria Gates Memorial Foundation Inc

Analysis

Gloria Gates Memorial Foundation Inc is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Gloria Gates Memorial Foundation Inc reported income of $168k and spending of $133k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $168k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gloria Gates Memorial Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Celestial Therapeutic and Ornamental Gardens ($168k), Caldwell Senior Center Inc ($168k) and Jester & Pharley Phund ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $36k (27% of expenses). Other salaries and wages came to $57k. At year end it held assets of $206k against liabilities of $0, net assets of $206k. It reported 10 employees.