First Methodist Memorial Foundation of Glendale

Analysis

First Methodist Memorial Foundation of Glendale is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in February 1949, 77 years ago. 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 December 2023, First Methodist Memorial Foundation of Glendale reported income of $302k and spending of $519k, spending 172% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $417k to $302k (-28%), an average of -6.3% a year. The sharpest change came in the year to December 2019, when income rose by 115%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Methodist Memorial Foundation of Glendale sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Big Springs Sheltered Workshop Inc ($302k), Middle Atlantic Moto-Cross Association Inc ($302k) and Ross Volunteer Association ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $4.8m against liabilities of $0, net assets of $4.8m.