The Glebe Inc

Analysis

The Glebe Inc is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Glebe Inc reported income of $21.1m and spending of $22.0m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.2m to $21.1m (+23%), an average of +5.4% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Glebe Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Greater Minnesota Housing Fund ($21.1m), Community Development Corporation of Brownsville Inc ($21.3m) and Homewood Living Williamsport Inc ($21.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $213k (1.0% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $81.3m against liabilities of $87.1m, net assets of -$5.8m.