Glasshouseprojectinc

Analysis

Glasshouseprojectinc is a registered charity in United States, based in New Paltz, NY. It received its IRS tax-exemption ruling in September 2022, 4 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, Glasshouseprojectinc reported income of $84k and spending of $91k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $362k to $84k (-77%), an average of -77% a year. The sharpest change came in the year to December 2023, when income dropped by 77%. Over the whole period it spent 41% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Glasshouseprojectinc 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 32nd percentile within NY. Charities of a similar size with the same main cause include Born Dancing Inc ($84k), Connecticut Lyric Opera Inc ($84k) and The Studio ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $264k against liabilities of $0, net assets of $264k.