New Glarus Home Inc

Analysis

New Glarus Home Inc is a registered charity in United States, based in New Glarus, WI. It received its IRS tax-exemption ruling in September 1979, 47 years ago. 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 June 2023, New Glarus Home Inc reported income of $9.3m and spending of $11.2m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.2m to $9.3m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to June 2022, when income dropped by 21%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Glarus Home Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within WI. Charities of a similar size with the same main cause include YWCA Hartford Region Inc ($9.3m), The University of South Alabama Professional Liability Trust Fund ($9.3m) and Universidad Central de Bayamon Inc ($9.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $163k (1.5% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $21.3m against liabilities of $14.5m, net assets of $6.8m. It reported 187 employees.