Gladewaves

Analysis

Gladewaves is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 2018, 8 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 2023, Gladewaves reported income of $130k and spending of $105k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $140k to $130k (-7.4%), an average of -7.4% a year. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gladewaves sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within LA. Charities of a similar size with the same main cause include Farms for Life ($130k), Touching Lives Worldwide Inc ($130k) and Kenjo Foundation ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $35k against liabilities of $48k, net assets of -$13k.