Glen Doherty Memorial Foundation Inc

Analysis

Glen Doherty Memorial Foundation Inc is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in January 2013, 13 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, Glen Doherty Memorial Foundation Inc reported income of $407k and spending of $275k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $444k to $407k (-8.5%), an average of -2.2% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 43% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Glen Doherty Memorial Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Future and Hope Inc ($407k), Community Childcare Center Inc ($407k) and Marriage and Family Counseling Serv Ice ($407k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $10k (3.6% of expenses). Other salaries and wages came to $48k. At year end it held assets of $2.7m against liabilities of $6,113, net assets of $2.7m. It reported 1 employees.