Glassroots Inc

Analysis

Glassroots Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Glassroots Inc reported income of $1.3m and spending of $1.2m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $1.3m (+27%), an average of +8.4% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Glassroots Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Boys and Girls Clubs of Central Arizona ($1.3m), Girls Unite Inc ($1.3m) and Fargo Youth Baseball ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $108k (9.2% of expenses). Other salaries and wages came to $381k. At year end it held assets of $3.3m against liabilities of $186k, net assets of $3.1m. It reported 29 employees.