Raise a Glass Foundation Inc

Analysis

Raise a Glass Foundation Inc is a registered charity in United States, based in Webster, NY. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Raise a Glass Foundation Inc reported income of $203k and spending of $226k, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $131k to $203k (+54%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 104%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Raise a Glass Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Midco Inc ($203k), Main Street Mobile Inc ($203k) and Denison Main Street Inc ($203k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $35k against liabilities of $12k, net assets of $23k.