Glass Fusion Collective Inc

Analysis

Glass Fusion Collective Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Glass Fusion Collective Inc reported income of $84k and spending of $80k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $84k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Glass Fusion Collective Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within HI. Charities of a similar size with the same main cause include Brooklyn Combine for Progressive Action Inc ($84k), Bakersfield Art Association ($84k) and Schuylkill Valley Regional Dance Company ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 95% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.