Consistent operational deficits (expenses exceeding revenue in most recent years, e.g., $100,033 expenses vs. $64,851 revenue in 2023).
Significant decline in assets from $205,190 in 2019 to $46,625 in 2023.
Lack of clear financial stability given the sustained negative net income.
Strengths
Zero officer compensation reported across all filings, indicating efficient use of funds at the leadership level.
Long filing history (13 filings) demonstrates consistent reporting to the IRS.
Spending Breakdown
How Glory Enterprises Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Glory Enterprises Inc
Is Glory Enterprises Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Glory Enterprises Inc (EIN: 202595199) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
Is Glory Enterprises Inc a good charity to donate to?
Glory Enterprises Inc has a Mission Score of 45/100. Revenue: $57K. Assets: $22K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Glory Enterprises Inc?
The Employer Identification Number (EIN) for Glory Enterprises Inc is 202595199. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Glory Enterprises Inc spend its money?
Glory Enterprises Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Glory Enterprises Inc's tax-exempt status?
You can verify Glory Enterprises Inc's tax-exempt status using EIN 202595199 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Glory Enterprises Inc. exhibits a concerning financial trend, with expenses consistently exceeding revenue in recent years. For example, in 2023, expenses were $100,033 against revenues of $64,851, resulting in a significant deficit. This pattern of operating at a loss is evident across multiple periods, including 2022 ($95,409 expenses vs. $65,777 revenue) and 2021 ($116,752 expenses vs. $73,708 revenue). While the organization has reported zero officer compensation across all filings, which is a positive indicator of resource allocation, the sustained operational deficits raise questions about long-term sustainability and financial planning. The organization's assets have also shown a decline from a peak of $205,190 in 2019 to $46,625 in 2023, further indicating financial strain. Without a clear strategy to align expenses with revenue, the organization's financial health appears precarious.