The Gleanings Foundation

Analysis

The Gleanings Foundation is a registered charity in United States, based in Robbinsville, NC. It received its IRS tax-exemption ruling in July 1994, 32 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Gleanings Foundation reported income of $192k and spending of $223k, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $50k to $192k (+281%), an average of +40% a year. The sharpest change came in the year to June 2021, when income rose by 102%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Gleanings Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Living Springs ($192k), Napa Valley Tennis Association ($192k) and Operation Reconnect ($192k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $726k against liabilities of $0, net assets of $726k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.