Glory Project Inc

Analysis

Glory Project Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Glory Project Inc reported income of $478k and spending of $408k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $259k to $478k (+84%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Glory Project Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within CO. Charities of a similar size with the same main cause include Missionaries of Jesus Inc ($477k), 24-7 Prayer ($478k) and Middle East Media ($477k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Other salaries and wages came to $36k. At year end it held assets of $134k against liabilities of $789, net assets of $133k. It reported 2 employees.