Glowmundo Creations

Analysis

Glowmundo Creations is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Glowmundo Creations reported income of $270k and spending of $394k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $76k to $270k (+254%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 100%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Glowmundo Creations sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CO. Charities of a similar size with the same main cause include Oklahoma Life Skills Association ($270k), Association of Notre Dame Clubs Inc ($270k) and Quest Institute for Quality Education ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $66k. At year end it held assets of $286k against liabilities of $224k, net assets of $62k. It reported 1 employees.