Glenwood Academy Endowment Trust

Analysis

Glenwood Academy Endowment Trust is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2024, 2 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Glenwood Academy Endowment Trust reported income of $744k and spending of $30k, leaving 96% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $145k to $744k (+414%), an average of +414% a year. The sharpest change came in the year to December 2023, when income rose by 414%. Over the whole period it spent 4.1% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Glenwood Academy Endowment Trust sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Gracious Grounds Inc ($743k), District 5 Hospital Preparednessplanning Committee Inc ($745k) and Heart and Mind Foundation ($742k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $4,761 (16% of expenses). At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.