Glendale Library Arts & Culture Trust

Analysis

Glendale Library Arts & Culture Trust is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, Glendale Library Arts & Culture Trust reported income of $334k and spending of $191k, leaving 43% of income unspent that year. Across the 5 years on record, from June 2020 to December 2023, income grew from $280k to $334k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 4415%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glendale Library Arts & Culture Trust sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Eleanor and Laurence Myers Foundation ($334k), Jim Riley Outreach Inc ($334k) and Unity Medical Center Foundation ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $130k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 1 employees.