Glass Art Society Inc
Glass Art Society Inc: Mixed Financials, Strong Mission Focus
EIN: 222207869 · Seattle, WA · NTEE: A030 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $653K |
| Total Expenses | $661K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $123K |
| Transparency Score | 75/100 |
Is Glass Art Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glass Art Society Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Glass Art Society Inc
Glass Art Society Inc (EIN: 222207869) is a nonprofit organization based in Seattle, WA, classified under NTEE code A030. The organization reported total revenue of $653K and total assets of $175K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glass Art Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glass Art Society Inc is a small nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $452K |
| Total Expenses | $661K |
| Surplus / Deficit | $-208,639 |
| Total Assets | $304K |
| Total Liabilities | $181K |
| Net Assets | $123K |
| Operating Margin | -46.1% |
| Debt-to-Asset Ratio | 59.5% |
| Months of Reserves | 5.5 months |
Financial Health Grade: C
In 2023, Glass Art Society Inc reported a deficit of $209K with expenses exceeding revenue, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 59.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Glass Art Society Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.6% | -7.1% | -20.8% |
| 2022 | +100.8% | +83.0% | -22.6% |
| 2021 | +38.9% | -17.0% | -0.8% |
| 2020 | -57.8% | -25.2% | -17.8% |
| 2019 | -49.2% | -55.4% | -9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Glass Art Society Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Glass Art Society Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $209K, with expenses exceeding revenue.
- Debt-to-asset ratio: 59.5%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating either volunteer leadership or compensation below reporting thresholds, which is unusual for an organization of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Glass Art Society Inc's IRS 990 filings:
- Consistent net losses in recent years (e.g., 2023: -$208,639; 2022: -$39,985) raise concerns about long-term financial sustainability.
- Significant decline in total assets from $889,158 in 2017 to $174,836 in 2023.
- Lack of reported executive compensation may indicate a reliance on volunteer leadership or a structure that obscures compensation details.
Strengths
The following positive indicators were identified for Glass Art Society Inc:
- The organization maintains a clear focus on its mission, as evidenced by consistent program expenses.
- Low administrative and fundraising overhead, suggesting efficient use of funds.
- Long operational history since 2016, indicating resilience despite financial fluctuations.
Frequently Asked Questions about Glass Art Society Inc
Is Glass Art Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Glass Art Society Inc (EIN: 222207869) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Glass Art Society Inc spend its money?
Glass Art Society Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Glass Art Society Inc tax-deductible?
Glass Art Society Inc is registered as a tax-exempt nonprofit (EIN: 222207869). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Glass Art Society Inc CEO make?
Glass Art Society Inc's highest-compensated officer earns $0 annually. The organization reported $653K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Glass Art Society Inc's spending goes to programs?
Glass Art Society Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Glass Art Society Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Glass Art Society Inc is above average for NTEE category A030 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Glass Art Society Inc located?
Glass Art Society Inc is headquartered in Seattle, Washington and files with the IRS under EIN 222207869. It is classified under NTEE code A030.
How many years of IRS 990 filings does Glass Art Society Inc have?
Glass Art Society Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $653K in total revenue.
What does Glass Art Society Inc do?
Glass Art Society Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Seattle, Washington. It is classified under NTEE code A030.
How much revenue does Glass Art Society Inc have?
Glass Art Society Inc reported total revenue of $652,561. Based on 13 IRS 990 filings on record.
What are Glass Art Society Inc's total assets?
Glass Art Society Inc holds total assets of $174,836 as reported in IRS 990 filings.
Where is Glass Art Society Inc located?
Glass Art Society Inc is based in Seattle, Washington.
What is Glass Art Society Inc's EIN?
Glass Art Society Inc's Employer Identification Number (EIN) is 222207869. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Glass Art Society Inc?
Glass Art Society Inc is classified under NTEE code A030 (Arts, Culture & Humanities).
Is Glass Art Society Inc a registered 501(c)(3)?
Yes, Glass Art Society Inc is recognized as a tax-exempt organization by the IRS. EIN: 222207869.
Does Glass Art Society Inc file IRS Form 990?
Yes, Glass Art Society Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Glass Art Society Inc's revenue in 2023?
In the 202309 filing period, Glass Art Society Inc reported total revenue of $452,347, total expenses of $660,986, and net assets of $304,027.
Is Glass Art Society Inc's revenue growing or declining?
Glass Art Society Inc's revenue is declining. Revenue went from $671,211 (202209) to $452,347 (202309), a -32.6% change. Based on 13 filings on record.
What is Glass Art Society Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Glass Art Society Inc covers tax period 202309. It shows revenue of $452,347, expenses of $660,986, total assets of $304,027, and liabilities of $181,002.
How much does Glass Art Society Inc spend on programs vs administration?
Based on IRS 990 analysis, Glass Art Society Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Glass Art Society Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Glass Art Society Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Glass Art Society Inc?
The following concerns were identified: Consistent net losses in recent years (e.g., 2023: -$208,639; 2022: -$39,985) raise concerns about long-term financial sustainability.. Significant decline in total assets from $889,158 in 2017 to $174,836 in 2023.. Lack of reported executive compensation may indicate a reliance on volunteer leadership or a structure that obscures compensation details.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Glass Art Society Inc's strengths?
Positive indicators for Glass Art Society Inc include: The organization maintains a clear focus on its mission, as evidenced by consistent program expenses.. Low administrative and fundraising overhead, suggesting efficient use of funds.. Long operational history since 2016, indicating resilience despite financial fluctuations.. These findings are derived from AI analysis of the organization's financial filings.
How does Glass Art Society Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating either volunteer leadership or compensation below reporting thresholds, which is unusual for an organization of this size. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does the organization manage its leadership and operational oversight?
The consistent $0 executive compensation reported on Form 990s suggests that key leadership roles might be filled by volunteers, or compensation is structured in a way that falls below IRS reporting thresholds for officers, directors, trustees, and key employees. This could indicate a highly dedicated volunteer base or a lean operational model.
What strategies are in place to address the significant decline in assets and recurring net losses observed over the past several years?
The organization has experienced a substantial decrease in assets from $889,158 in 2017 to $174,836 in 2023, alongside recurring net losses. Without further information, it's unclear what specific strategies are being implemented to reverse these trends, such as new fundraising initiatives, cost-cutting measures, or changes in investment strategies.
Filing History
IRS 990 filing history for Glass Art Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Glass Art Society Inc's revenue has declined by 33.2%, moving from $677K to $452K. Total assets decreased by 40.8% over the same period, from $514K to $304K. Total functional expenses rose by 6.5%, from $621K to $661K. In its most recent filing year (2023), Glass Art Society Inc reported a deficit of $209K, with expenses exceeding revenue. The organization holds $181K in liabilities against $304K in assets (debt-to-asset ratio: 59.5%), resulting in net assets of $123K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $452K | $661K | $304K | $181K | — | — |
| 2022 | $671K | $711K | $384K | $82K | — | View 990 |
| 2021 | $334K | $389K | $496K | $95K | — | View 990 |
| 2020 | $241K | $468K | $500K | $142K | — | — |
| 2019 | $571K | $625K | $608K | $16K | — | View 990 |
| 2018 | $1.1M | $1.4M | $669K | $33K | — | View 990 |
| 2017 | $693K | $657K | $889K | $24K | — | View 990 |
| 2016 | $842K | $683K | $860K | $82K | — | View 990 |
| 2015 | $734K | $643K | $621K | $33K | — | View 990 |
| 2014 | $724K | $643K | $573K | $56K | — | View 990 |
| 2013 | $130K | $324K | $456K | $23K | — | View 990 |
| 2012 | $836K | $707K | $675K | $29K | — | View 990 |
| 2011 | $677K | $621K | $514K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $452K, expenses of $661K, and assets of $304K (revenue -32.6% year-over-year).
- 2022: Revenue of $671K, expenses of $711K, and assets of $384K (revenue +100.8% year-over-year).
- 2021: Revenue of $334K, expenses of $389K, and assets of $496K (revenue +38.9% year-over-year).
- 2020: Revenue of $241K, expenses of $468K, and assets of $500K (revenue -57.8% year-over-year).
- 2019: Revenue of $571K, expenses of $625K, and assets of $608K (revenue -49.2% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.4M, and assets of $669K (revenue +62.1% year-over-year).
- 2017: Revenue of $693K, expenses of $657K, and assets of $889K (revenue -17.7% year-over-year).
- 2016: Revenue of $842K, expenses of $683K, and assets of $860K (revenue +14.8% year-over-year).
- 2015: Revenue of $734K, expenses of $643K, and assets of $621K (revenue +1.4% year-over-year).
- 2014: Revenue of $724K, expenses of $643K, and assets of $573K (revenue +455.5% year-over-year).
- 2013: Revenue of $130K, expenses of $324K, and assets of $456K (revenue -84.4% year-over-year).
- 2012: Revenue of $836K, expenses of $707K, and assets of $675K (revenue +23.6% year-over-year).
- 2011: Revenue of $677K, expenses of $621K, and assets of $514K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glass Art Society Inc:
Data Sources and Methodology
This transparency report for Glass Art Society Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.