Glorious Silver Mission

Analysis

Glorious Silver Mission is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Glorious Silver Mission reported income of $255k and spending of $204k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $168k to $255k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 56% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Glorious Silver Mission sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include South Carolina Falun Dafa Association ($255k), Re-Launch Ministries Inc ($255k) and Sharing Sacred Spaces Incorporated ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (18% of expenses). At year end it held assets of $185k against liabilities of $982, net assets of $184k. It reported 1 employees.