Glut1 Deficiency Foundation Inc

Analysis

Glut1 Deficiency Foundation Inc is a registered charity in United States, based in Owingsville, KY. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 December 2023, Glut1 Deficiency Foundation Inc reported income of $340k and spending of $360k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $335k to $340k (+1.4%), an average of +0.4% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Glut1 Deficiency Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within KY. Charities of a similar size with the same main cause include Hope International Medical Outreach ($340k), The Medical Center Auxiliary Inc ($340k) and Great Bay Regional Volunteer Emergency Medical Services Inc ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $118k (33% of expenses). At year end it held assets of $466k against liabilities of $45k, net assets of $421k. It reported 3 employees.