Glades Education Foundation Inc

Analysis

Glades Education Foundation Inc is a registered charity in United States, based in Moore Haven, FL. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Glades Education Foundation Inc reported income of $118k and spending of $149k, spending 126% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $87k to $118k (+36%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Glades Education Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Romeoville High School Band Booster Association ($118k), Jennings Educational Foundation ($118k) and Bartlesville Athletic Alumni Association Inc ($118k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $36k against liabilities of $1,640, net assets of $34k.