Glass Art Society Inc

Analysis

Glass Art Society Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 1979, 47 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Glass Art Society Inc reported income of $452k and spending of $661k, spending 146% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $571k to $452k (-21%), an average of -5.7% a year. The sharpest change came in the year to September 2022, when income rose by 101%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Glass Art Society Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within WA. Charities of a similar size with the same main cause include Twin Cities Gay Mens Chorus ($452k), Western North Carolina Air Museum Inc ($452k) and Friends of FM 90 ($452k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 47% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $102k (15% of expenses). Other salaries and wages came to $189k. At year end it held assets of $304k against liabilities of $181k, net assets of $123k. It reported 6 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.