Glenpark Development Corp

Analysis

Glenpark Development Corp is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in February 1998, 28 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, Glenpark Development Corp reported income of $119k and spending of $143k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $123k to $119k (-3.0%), an average of -0.8% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Glenpark Development Corp sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within OH. Charities of a similar size with the same main cause include Clyde Rooker Senior Village Inc ($119k), Hope House of Sedona ($119k) and Three Gems Inc ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Other salaries and wages came to $11k. At year end it held assets of $565k against liabilities of $1.1m, net assets of -$525k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.