Glory House of Sioux Falls

Analysis

Glory House of Sioux Falls is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in October 1971, 55 years ago. 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, Glory House of Sioux Falls reported income of $4.1m and spending of $3.8m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.1m (+19%), an average of +4.3% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glory House of Sioux Falls 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 91st percentile, and in the 91st percentile within SD. Charities of a similar size with the same main cause include International Association for Food Protection Inc ($4.1m), Arc of New Jersey Inc ($4.1m) and Sunset District Community Development ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $95k (2.5% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $3.7m against liabilities of $585k, net assets of $3.1m. It reported 94 employees.