Gloria M Silverio Foundation

Analysis

Gloria M Silverio Foundation is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Gloria M Silverio Foundation reported income of $564k and spending of $533k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $514k to $564k (+9.8%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gloria M Silverio Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Lifeline Global Ministries ($564k), Hope City Homes Inc ($564k) and Partners Ending Homelessness ($564k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $40k. At year end it held assets of $675k against liabilities of $778, net assets of $674k. It reported 1 employees.