Glory City Network Inc

Analysis

Glory City Network Inc is a registered charity in United States, based in Suwanee, GA. It received its IRS tax-exemption ruling in May 2017, 9 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 2022, Glory City Network Inc reported income of $167k and spending of $166k, spending 99% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $225k to $167k (-26%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 24%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Glory City Network Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within GA. Charities of a similar size with the same main cause include Lxi ($167k), Christ Peace Heritage Ministries ($167k) and Hatfield Jame Masjid ($167k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $33k against liabilities of $1,370, net assets of $32k.