Gleaners Distribution Corporation

Analysis

Gleaners Distribution Corporation is a registered charity in United States, based in Taylor, MI. It received its IRS tax-exemption ruling in June 2022, 4 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Gleaners Distribution Corporation reported income of $189k and spending of $785k, spending 415% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $101k to $189k (+86%), an average of +86% a year. The sharpest change came in the year to September 2023, when income rose by 86%. Over the whole period it spent 458% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gleaners Distribution Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include Texas Association of Property and Evidence Inventory Technicians ($189k), Main Street Morgantown Inc ($189k) and Jackson Township Community Development Corporation ($189k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 108% of the total. At year end it held assets of $17.4m against liabilities of $16.2m, net assets of $1.2m.