Gladney Center for Adoption

Analysis

Gladney Center for Adoption is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 2008, 18 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 August 2023, Gladney Center for Adoption reported income of $28.5m and spending of $19.8m, leaving 30% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $10.0m to $28.5m (+185%), an average of +30% a year. The sharpest change came in the year to August 2023, when income rose by 194%. 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, Gladney Center for Adoption sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Horizon House Development Service Inc ($28.5m), Orchards Childrens Services Inc ($28.6m) and Congregational Home ($28.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 77% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $861k (4.3% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $23.2m against liabilities of $7.6m, net assets of $15.7m. It reported 115 employees.