Glenn Markman Foundation Inc

Analysis

Glenn Markman Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2016, 10 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 December 2023, Glenn Markman Foundation Inc reported income of $183k and spending of $142k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $146k to $183k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Glenn Markman Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Marketplace Sonshine Sonrise Inc ($183k), Philomena House Corp ($183k) and Pervasive Parenting Center Inc ($183k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $386k against liabilities of $0, net assets of $386k.