Glenwood Village Care Center Inc

Analysis

Glenwood Village Care Center Inc is a registered charity in United States, based in Glenwood, MN. It received its IRS tax-exemption ruling in November 1961, 65 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Glenwood Village Care Center Inc reported income of $10.8m and spending of $9.2m, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.9m to $10.8m (+56%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 45%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glenwood Village Care Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Northwest Family Services ($10.8m), Plumas Corporation ($10.8m) and Mill Neck Manor Luthern School for the Deaf ($10.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $25k (0.3% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $9.6m against liabilities of $6.3m, net assets of $3.3m. It reported 206 employees.