Glennwood Housing Foundation

Analysis

Glennwood Housing Foundation is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Glennwood Housing Foundation reported income of $3.4m and spending of $3.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.4m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Glennwood Housing Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Community Alternative Housing Inc ($3.4m), Harding Place Inc ($3.4m) and Woodlands Development Group Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $143k (4.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $9.9m against liabilities of $5.7m, net assets of $4.1m. It reported 42 employees.