Glenwood Plaza Inc

Analysis

Glenwood Plaza Inc is a registered charity in United States, based in Glenwood, MN. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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 September 2023, Glenwood Plaza Inc reported income of $385k and spending of $338k, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $304k to $385k (+27%), an average of +6.1% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glenwood Plaza Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Ninth Street Day Nursery Inc ($385k), Dedham Food Pantry Charitable TR ($385k) and Hillel the Foundation for Jewish Campus Life ($385k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $21k. At year end it held assets of $605k against liabilities of $1.4m, net assets of -$754k.