Glacier Hills Inc

Analysis

Glacier Hills Inc is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in January 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Glacier Hills Inc reported income of $22.8m and spending of $25.3m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $41.6m to $22.8m (-45%), an average of -14% a year. The sharpest change came in the year to June 2022, when income dropped by 26%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Glacier Hills Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Eastern Illinois Foodbank ($22.8m), The Young Mens Christian Association of the Jersey Shore in ($22.8m) and Cape Abilities Inc ($22.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 94% of the total. Other salaries and wages came to $9.1m. At year end it held assets of $78.9m against liabilities of $72.7m, net assets of $6.2m.