The Glenarden Track Club

Analysis

The Glenarden Track Club is a registered charity in United States, based in Hollywood, MD. It received its IRS tax-exemption ruling in June 1989, 37 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, The Glenarden Track Club reported income of $53k and spending of $65k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $53k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Glenarden Track Club sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within MD. Charities of a similar size with the same main cause include Hellertown Historical Society ($53k), Big Stone County Historical Society ($53k) and Ann Arbor Jewish Cultural School ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,730 against liabilities of $0, net assets of $4,730.