Glean Kentucky Inc

Analysis

Glean Kentucky Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Glean Kentucky Inc reported income of $731k and spending of $734k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $615k to $731k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Glean Kentucky Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within KY. Charities of a similar size with the same main cause include Empowering Minds Together Inc ($731k), Old Pine Community Center ($731k) and Illinois Ibew Renewable Energy Fund Inc ($731k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $57k (7.8% of expenses). Other salaries and wages came to $241k. At year end it held assets of $350k against liabilities of $16k, net assets of $334k. It reported 8 employees.