The Glass-Glen Burnie Foundation

Analysis

The Glass-Glen Burnie Foundation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Glass-Glen Burnie Foundation reported income of $2.8m and spending of $5.3m, spending 191% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.1m to $2.8m (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Glass-Glen Burnie Foundation 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 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Etm-La Inc ($2.8m), Outstanding Renewal Enterprises Inc ($2.8m) and San Jose Community Media Access Corp ($2.8m).

Compensation of current officers, directors and key employees was $406k (7.7% of expenses). At year end it held assets of $49.4m against liabilities of $0, net assets of $49.4m. It reported 1 employees.