Glencoe Athletic Foundation Inc

Analysis

Glencoe Athletic Foundation Inc is a registered charity in United States, based in Gadsden, AL. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 May 2023, Glencoe Athletic Foundation Inc reported income of $210k and spending of $212k, spending 101% of its income. Across the 3 years on record, from May 2021 to May 2023, income fell from $211k to $210k (-0.6%), an average of -0.3% a year. The sharpest change came in the year to May 2023, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Glencoe Athletic Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within AL. Charities of a similar size with the same main cause include Maximum Velocity FC ($210k), Lyons Community Center Inc ($210k) and Woodland Soccer Club ($210k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 5.5% and program service revenue 68% of the total. At year end it held assets of $281k against liabilities of $0, net assets of $281k.