Cardinal Glennon Childrens Foundation

Analysis

Cardinal Glennon Childrens Foundation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 1946, 80 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 December 2023, Cardinal Glennon Childrens Foundation reported income of $65.1m and spending of $20.4m, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.2m to $65.1m (+278%), an average of +40% a year. The sharpest change came in the year to December 2020, when income rose by 204%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cardinal Glennon Childrens Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MO. Charities of a similar size with the same main cause include No AIDS Task Force ($65.0m), Sioux Center Health ($65.1m) and South Carolina Student Loan Corporation ($65.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $213.1m against liabilities of $14.7m, net assets of $198.4m.