Tri-County Glad

Analysis

Tri-County Glad is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Tri-County Glad reported income of $377k and spending of $371k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $262k to $377k (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2020, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tri-County Glad 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 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Goebel Senior Center Commission Inc ($377k), Colorado County Youth and Family Services Inc ($377k) and One Fourteen Dwelling Inc ($377k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $6,534 (1.8% of expenses). Other salaries and wages came to $220k. At year end it held assets of $93k against liabilities of $98k, net assets of -$5,594.