Glades Academy Foundation Inc

Analysis

Glades Academy Foundation Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Glades Academy Foundation Inc reported income of $1.3m and spending of $402k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $950k to $1.3m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Glades Academy Foundation Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Hajoca 3025 Inc ($1.3m), Lutheran College Washington Consortium ($1.3m) and Edward J Malloy Initiative for Constructive Skills Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.