Glades Academy Foundation Inc
EIN: 262475110 · West Palm Bch, FL · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $402K |
| Net Assets | $4.1M |
Is Glades Academy Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Glades Academy Foundation Inc
Glades Academy Foundation Inc (EIN: 262475110) is a nonprofit organization based in West Palm Bch, FL, classified under NTEE code B90. The organization reported total revenue of $1.8M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glades Academy Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glades Academy Foundation Inc is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $402K |
| Surplus / Deficit | +$945K |
| Total Assets | $4.1M |
| Net Assets | $4.1M |
| Operating Margin | 70.2% |
| Months of Reserves | 121.9 months |
Financial Health Grade: A
In 2023, Glades Academy Foundation Inc reported a surplus of $945K with revenue exceeding expenses, holds 121.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Glades Academy Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.4% | -8.9% | +30.1% |
| 2022 | +30.2% | +8.6% | +18.0% |
| 2021 | -11.8% | -57.8% | +13.1% |
| 2020 | -15.6% | +218.9% | -6.2% |
| 2019 | -4.4% | -41.4% | +35.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Glades Academy Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Glades Academy Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $945K, with revenue exceeding expenses.
Frequently Asked Questions about Glades Academy Foundation Inc
Is Glades Academy Foundation Inc a legitimate charity?
Glades Academy Foundation Inc (EIN: 262475110) is a registered tax-exempt nonprofit based in Florida. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. Financial health grade: A.
How does Glades Academy Foundation Inc spend its money?
Glades Academy Foundation Inc reported $1.8M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Glades Academy Foundation Inc tax-deductible?
Glades Academy Foundation Inc is registered as a tax-exempt nonprofit (EIN: 262475110). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Glades Academy Foundation Inc located?
Glades Academy Foundation Inc is headquartered in West Palm Bch, Florida and files with the IRS under EIN 262475110. It is classified under NTEE code B90.
How many years of IRS 990 filings does Glades Academy Foundation Inc have?
Glades Academy Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8M in total revenue.
Filing History
IRS 990 filing history for Glades Academy Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Glades Academy Foundation Inc's revenue has grown by 137%, moving from $569K to $1.3M. Total assets increased by 1107.3% over the same period, from $338K to $4.1M. Total functional expenses fell by 76.1%, from $1.7M to $402K. In its most recent filing year (2023), Glades Academy Foundation Inc reported a surplus of $945K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $402K | $4.1M | $0 | — | — |
| 2022 | $921K | $441K | $3.1M | $0 | — | View 990 |
| 2021 | $707K | $407K | $2.7M | $0 | — | View 990 |
| 2020 | $802K | $964K | $2.4M | $6K | — | View 990 |
| 2019 | $950K | $302K | $2.5M | $2K | — | View 990 |
| 2018 | $994K | $516K | $1.9M | $0 | — | View 990 |
| 2017 | $1.0M | $471K | $1.4M | $0 | — | — |
| 2016 | $1.2M | $1.3M | $842K | $0 | — | View 990 |
| 2015 | $1.2M | $2.5M | $941K | $0 | — | View 990 |
| 2014 | $1.1M | $288K | $2.2M | $70 | — | View 990 |
| 2013 | $917K | $538K | $1.4M | $3K | — | View 990 |
| 2012 | $1.0M | $288K | $1.1M | $18K | — | View 990 |
| 2011 | $569K | $1.7M | $338K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $402K, and assets of $4.1M (revenue +46.4% year-over-year).
- 2022: Revenue of $921K, expenses of $441K, and assets of $3.1M (revenue +30.2% year-over-year).
- 2021: Revenue of $707K, expenses of $407K, and assets of $2.7M (revenue -11.8% year-over-year).
- 2020: Revenue of $802K, expenses of $964K, and assets of $2.4M (revenue -15.6% year-over-year).
- 2019: Revenue of $950K, expenses of $302K, and assets of $2.5M (revenue -4.4% year-over-year).
- 2018: Revenue of $994K, expenses of $516K, and assets of $1.9M (revenue -1.7% year-over-year).
- 2017: Revenue of $1.0M, expenses of $471K, and assets of $1.4M (revenue -15.5% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.3M, and assets of $842K (revenue -3.1% year-over-year).
- 2015: Revenue of $1.2M, expenses of $2.5M, and assets of $941K (revenue +15.5% year-over-year).
- 2014: Revenue of $1.1M, expenses of $288K, and assets of $2.2M (revenue +16.5% year-over-year).
- 2013: Revenue of $917K, expenses of $538K, and assets of $1.4M (revenue -8.6% year-over-year).
- 2012: Revenue of $1.0M, expenses of $288K, and assets of $1.1M (revenue +76.4% year-over-year).
- 2011: Revenue of $569K, expenses of $1.7M, and assets of $338K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glades Academy Foundation Inc:
Data Sources and Methodology
This transparency report for Glades Academy Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.