Glenmont

Analysis

Glenmont is a registered charity in United States, based in Hilliard, OH. It received its IRS tax-exemption ruling in August 1949, 77 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Glenmont reported income of $2.7m and spending of $4.1m, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $2.7m (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2020, when income rose by 122%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Glenmont sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include McKenna Management ($2.7m), North Hill Home Health Care Inc ($2.7m) and Penrickton Center for Blind Children ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $180k (4.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $11.1m against liabilities of $257k, net assets of $10.9m. It reported 63 employees.

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.