Gladney Fund

Analysis

Gladney Fund is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in April 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Gladney Fund reported income of $6.7m and spending of $2.0m, leaving 71% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.3m to $6.7m (+404%), an average of +50% a year. The sharpest change came in the year to August 2023, when income rose by 258%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gladney Fund sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Greater West Town Community Development Project ($6.6m), Felician School for Exceptional Children ($6.7m) and The Commonwealth Club - World Affairs of California ($6.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $339 (0.0% of expenses). At year end it held assets of $30.3m against liabilities of $132k, net assets of $30.2m.