Glassybaby White Light Foundation

Analysis

Glassybaby White Light Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 2022, 4 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Glassybaby White Light Foundation reported income of $968k and spending of $925k, spending 96% of its income. Across the 2 years on record, from June 2021 to June 2022, income grew from $346k to $968k (+180%), an average of +180% a year. The sharpest change came in the year to June 2022, when income rose by 180%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Glassybaby White Light Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Good Samaritan Hospital Foundation Inc ($968k), South Texas Charity Weekend Inc ($968k) and Richard Sabala Foundation Inc ($967k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (3.9% of expenses). At year end it held assets of $106k against liabilities of $0, net assets of $106k. It reported 2 employees.