Glasstire

Analysis

Glasstire is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Glasstire reported income of $570k and spending of $466k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $436k to $570k (+31%), an average of +6.9% a year. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Glasstire sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Studio Acting Conservatory Inc ($570k), Lizzadro Museum of Lapidary Arts ($570k) and African Culture Connection ($570k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $75k (16% of expenses). Other salaries and wages came to $136k. At year end it held assets of $581k against liabilities of $12k, net assets of $569k. It reported 4 employees.