Glenwood School Inc

Analysis

Glenwood School Inc is a registered charity in United States, based in Smiths Sta, AL. It received its IRS tax-exemption ruling in May 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Glenwood School Inc reported income of $5.6m and spending of $4.8m, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.9m to $5.6m (+43%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Glenwood School Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within AL. Charities of a similar size with the same main cause include Millville Public Charter School ($5.6m), Newark Campus Development Fund ($5.6m) and Young Scholars Academy Charter School Corporation ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $172k (3.6% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $4.0m against liabilities of $881k, net assets of $3.1m. It reported 112 employees.