Glenwood Academy

Analysis

Glenwood Academy is a registered charity in United States, based in Eldersburg, MD. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Glenwood Academy reported income of $2.1m and spending of $2.2m, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $894k to $2.1m (+132%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Glenwood Academy sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Salish School of Spokane ($2.1m), Thomas Heyward Academy Inc ($2.1m) and Southeast Seattle Education Coalition ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $143k (6.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.4m against liabilities of $825k, net assets of $527k. It reported 28 employees.