Glomanity

Analysis

Glomanity is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2024, 2 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 December 2023, Glomanity reported income of $54k and spending of $49k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $46k to $54k (+17%), an average of +8.3% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glomanity sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include High Country Chiropractic Knightsof the Round Table ($54k), Bay Area Bioscience Center ($54k) and Sierra House Inc ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $29k against liabilities of $3,158, net assets of $25k.