Glouster Revitalization Organization

Analysis

Glouster Revitalization Organization is a registered charity in United States, based in Glouster, OH. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Glouster Revitalization Organization reported income of $64k and spending of $57k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $64k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Glouster Revitalization Organization sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within OH. Charities of a similar size with the same main cause include Monticello Main Street ($64k), Christs Freedom for Haiti ($64k) and Great Bend Alive Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.