Glades Electric Charitable Trust Inc

Analysis

Glades Electric Charitable Trust Inc is a registered charity in United States, based in Moore Haven, FL. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Glades Electric Charitable Trust Inc reported income of $64k and spending of $79k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $64k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 117% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Glades Electric Charitable Trust Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include Old Colony Cougars PTO Inc ($64k), Friends of Carlisle Council on Aging Inc ($64k) and The Arizona Highway Patrol Associaton Charities ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $106k against liabilities of $0, net assets of $106k.