Glass Axis

Analysis

Glass Axis is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 1989, 37 years ago. 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, Glass Axis reported income of $722k and spending of $765k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $652k to $722k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glass Axis sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Open Media Foundation ($722k), St Vincents Apartments Housing Development Company Inc ($722k) and Aurora Women and Girls Foundation Inc ($722k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $56k (7.3% of expenses). Other salaries and wages came to $104k. At year end it held assets of $788k against liabilities of $249k, net assets of $539k. It reported 21 employees.