Roundglass Foundation

Analysis

Roundglass Foundation is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Roundglass Foundation reported income of $1.1m and spending of $5.2m, spending 466% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $25.4m to $1.1m (-96%), an average of -96% a year. The sharpest change came in the year to December 2023, when income dropped by 96%. Over the whole period it spent 40% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Roundglass Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include United Way of Steele County ($1.1m), Concord Carlisle Foundation Inc ($1.1m) and Morrow Education Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 16% of the total. Other salaries and wages came to $94k. At year end it held assets of $16.1m against liabilities of $0, net assets of $16.1m. It reported 5 employees.