Glm2 Foundation Inc

Analysis

Glm2 Foundation Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Glm2 Foundation Inc reported income of $110k and spending of $105k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $110k (+5.8%), an average of +5.8% a year. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Glm2 Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within GA. Charities of a similar size with the same main cause include Macon County Farm Bureau Foundation ($110k), Harvest Time ($110k) and Utica Food Pantry Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.