Glory Ridge

Analysis

Glory Ridge is a registered charity in United States, based in Marshall, NC. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Glory Ridge reported income of $122k and spending of $163k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $137k to $122k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Glory Ridge sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Chiefs Football Inc ($122k), Oatka Valley Snomobile Association Inc ($122k) and Nappanee Conservation Club Inc ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Other salaries and wages came to $98k. At year end it held assets of $254k against liabilities of $1,864, net assets of $252k. It reported 6 employees.