Glen Retirement System

Analysis

Glen Retirement System is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in March 1935, 91 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 April 2023, Glen Retirement System reported income of $17.1m and spending of $20.3m, spending 119% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $15.3m to $17.1m (+12%), an average of +2.8% a year. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Glen Retirement System sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within LA. Charities of a similar size with the same main cause include Family Guidance Center ($17.0m), Attic Angel Place Inc ($17.1m) and Complete Senior Care Inc ($17.0m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 1.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $297k (1.5% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $58.6m against liabilities of $48.0m, net assets of $10.6m. It reported 262 employees.