Glasswing International USA Inc

Analysis

Glasswing International USA Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2008, 18 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 December 2023, Glasswing International USA Inc reported income of $18.8m and spending of $18.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $18.8m (+351%), an average of +46% a year. The sharpest change came in the year to December 2022, when income rose by 129%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Glasswing International USA Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Collabria Care ($18.8m), Culpeper Baptist Retirement Community Inc ($18.8m) and Frontstream Global Fund ($18.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $53k (0.3% of expenses). Other salaries and wages came to $718k. At year end it held assets of $40.5m against liabilities of $22.3m, net assets of $18.2m. It reported 14 employees.