Asheville Glass Art School

Analysis

Asheville Glass Art School is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Asheville Glass Art School reported income of $956k and spending of $765k, leaving 20% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $589k to $956k (+62%), an average of +13% a year. The sharpest change came in the year to September 2022, when income rose by 74%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asheville Glass Art School 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 79th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Writeboston Inc ($956k), Young Families Early Head Start Inc ($956k) and Oasis Trilingual Community School Inc ($956k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 41% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $69k (9.0% of expenses). Other salaries and wages came to $354k. At year end it held assets of $509k against liabilities of $42k, net assets of $467k. It reported 17 employees.