Glen Flora

Analysis

Glen Flora is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in March 1954, 72 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Glen Flora reported income of $6.5m and spending of $6.1m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.4m to $6.5m (+46%), an average of +10% a year. The sharpest change came in the year to September 2020, when income rose by 16%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glen Flora sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Hospice of the Chesapeake Foundation Inc ($6.5m), Egyptian Area Agency on Aging Inc ($6.5m) and Young Mens Christian Association Booth Bay Region ($6.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $6.7m against liabilities of $850k, net assets of $5.8m. It reported 150 employees.