Glide Foundation

Analysis

Glide Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Glide Foundation reported income of $18.8m and spending of $30.7m, spending 164% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $41.8m to $18.8m (-55%), an average of -55% a year. The sharpest change came in the year to June 2023, when income dropped by 55%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Glide Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Investment & Research in Education Inc ($18.7m), E3 Partners Ministry ($18.8m) and Stewardship Endowment Fund ($18.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $1.4m (4.5% of expenses). Other salaries and wages came to $12.5m. At year end it held assets of $59.4m against liabilities of $7.7m, net assets of $51.7m. It reported 271 employees.