Glenwood South

Analysis

Glenwood South is a registered charity in United States, based in Glenwood, IL. It received its IRS tax-exemption ruling in October 1996, 30 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending August 2023, Glenwood South reported income of $807k and spending of $5.2m, spending 650% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $819k to $807k (-1.4%), an average of -0.4% a year. The sharpest change came in the year to August 2022, when income rose by 18%. Over the whole period it spent 632% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glenwood South sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Fa-Ho-Lo Family Inc ($807k), Newtown Square Fire Co No 1 Inc ($807k) and Sussex County Childrens Advocacy Center ($807k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 92% and program service revenue 7.4% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $0 against liabilities of $34.9m, net assets of -$34.9m.

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.