Glorious Foundation Inc

Analysis

Glorious Foundation Inc is a registered charity in United States, based in Hingham, MA. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Glorious Foundation Inc reported income of $165k and spending of $161k, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $269k to $165k (-39%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Glorious Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Tomahawk Community Thrift Shop ($165k), Mifflinburg Area Community Scholarship Trust Inc ($165k) and National Sales Network Atlanta Chapter Inc ($165k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.