Glenn Polk Ministries

Analysis

Glenn Polk Ministries is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Glenn Polk Ministries reported income of $61k and spending of $62k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $70k to $61k (-12%), an average of -6.4% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 113% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Glenn Polk Ministries sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Coker Umc Permanent Endowment Fund ($61k), Jeff Coleman Ministries ($61k) and Free in Christ Prison Ministries ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.