Glory Be to Kids Inc

Analysis

Glory Be to Kids Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Glory Be to Kids Inc reported income of $63k and spending of $130k, spending 205% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $63k (-12%), an average of -12% a year. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Glory Be to Kids Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Formando Sonrisas En Los Ninos de Dios ($63k), Camarillo Breakfast Rotary Foundation Inc ($63k) and Fredericksburg Community Assn Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $5,652 against liabilities of $0, net assets of $5,652.