The George G Glenner Alzheimers Fam Ily Centers Incorporated

Analysis

The George G Glenner Alzheimers Fam Ily Centers Incorporated is a registered charity in United States, based in Chula Vista, CA. It received its IRS tax-exemption ruling in February 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The George G Glenner Alzheimers Fam Ily Centers Incorporated reported income of $3.8m and spending of $3.9m, spending 104% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $1.9m to $3.8m (+101%), an average of +15% a year. The sharpest change came in the year to June 2019, when income rose by 79%. 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, The George G Glenner Alzheimers Fam Ily Centers Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Pennsylvania College of Technology Foundation Inc ($3.8m), Maple Avenue Economic Development Corporation of Dallas ($3.8m) and The Christian Academy ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $459k (12% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.3m against liabilities of $865k, net assets of $480k. It reported 53 employees.

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.