Museum of Glass

Analysis

Museum of Glass is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in January 1996, 30 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Museum of Glass reported income of $5.4m and spending of $5.1m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $5.4m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of Glass sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Association of Science-Technology Centers Incorporated ($5.4m), Center for Inquiry Inc ($5.4m) and Woodstock Courthouse Historic Preservation Fund Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $297k (5.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $26.7m against liabilities of $869k, net assets of $25.9m. It reported 84 employees.