Team Gleason Foundation

Analysis

Team Gleason Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Team Gleason Foundation reported income of $5.6m and spending of $5.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $5.6m (+128%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Team Gleason Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within LA. Charities of a similar size with the same main cause include Seacoast Charter Academy Inc ($5.6m), Lumina Alliance ($5.7m) and Jewel Human Services Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $355k (6.3% of expenses). Other salaries and wages came to $922k. It paid $114k in professional fundraising fees. At year end it held assets of $8.4m against liabilities of $383k, net assets of $8.1m. It reported 26 employees.