Glory Enterprises Inc
Glory Enterprises Inc. consistently spends more than it earns, leading to declining assets.
EIN: 202595199 · Omaha, NE · NTEE: X83 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $57K |
| Total Expenses | $100K |
| Program Spending | 70% |
| Net Assets | $47K |
| Transparency Score | 45/100 |
Is Glory Enterprises Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glory Enterprises Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Glory Enterprises Inc
Glory Enterprises Inc (EIN: 202595199) is a nonprofit organization based in Omaha, NE, classified under NTEE code X83. The organization reported total revenue of $57K and total assets of $22K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glory Enterprises Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glory Enterprises Inc is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $100K |
| Surplus / Deficit | $-35,182 |
| Total Assets | $47K |
| Net Assets | $47K |
| Operating Margin | -54.3% |
| Months of Reserves | 5.6 months |
Financial Health Grade: B
In 2023, Glory Enterprises Inc reported a deficit of $35K with expenses exceeding revenue, holds 5.6 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Glory Enterprises Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.4% | +4.8% | -43.2% |
| 2022 | -10.8% | -18.3% | -26.3% |
| 2021 | -32.8% | -27.2% | -27.9% |
| 2020 | -46.4% | +33.6% | -24.7% |
| 2019 | +13.3% | +13.7% | +65.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2006 |
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 Glory Enterprises Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Glory Enterprises Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. 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 $35K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation were paid to officers, directors, or trustees. This suggests a volunteer-led or very lean leadership structure, which can be a positive for resource allocation to programs.
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 Glory Enterprises Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Glory Enterprises Inc:
- 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.
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) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Glory Enterprises Inc spend its money?
Glory Enterprises Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Glory Enterprises Inc tax-deductible?
Glory Enterprises Inc is registered as a tax-exempt nonprofit (EIN: 202595199). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Glory Enterprises Inc's spending goes to programs?
Glory Enterprises Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Glory Enterprises Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Glory Enterprises Inc is near average for NTEE category X83 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Glory Enterprises Inc located?
Glory Enterprises Inc is headquartered in Omaha, Nebraska and files with the IRS under EIN 202595199. It is classified under NTEE code X83.
How many years of IRS 990 filings does Glory Enterprises Inc have?
Glory Enterprises 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 $57K in total revenue.
Is Glory Enterprises Inc. financially sustainable?
Based on the consistent trend of expenses exceeding revenue in recent years (e.g., $100,033 expenses vs. $64,851 revenue in 2023), the organization's current financial model appears unsustainable without significant changes or external support.
Why are assets declining?
Assets have significantly declined from a peak of $205,190 in 2019 to $46,625 in 2023. This decline is likely a direct consequence of the organization consistently spending more than its revenue, drawing down its reserves to cover operational deficits.
What is the organization's plan to address its operational deficits?
The provided data does not include information on the organization's strategies to address its recurring operational deficits. This would be a critical area for further inquiry to understand its long-term viability.
Filing History
IRS 990 filing history for Glory Enterprises Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Glory Enterprises Inc's revenue has declined by 81%, moving from $341K to $65K. Total assets decreased by 77.8% over the same period, from $210K to $47K. Total functional expenses fell by 72.2%, from $360K to $100K. In its most recent filing year (2023), Glory Enterprises Inc reported a deficit of $35K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65K | $100K | $47K | $0 | — | — |
| 2022 | $66K | $95K | $82K | $325 | — | View 990 |
| 2021 | $74K | $117K | $111K | $0 | — | — |
| 2020 | $110K | $160K | $154K | $0 | — | View 990 |
| 2019 | $205K | $120K | $205K | $49 | — | View 990 |
| 2018 | $181K | $106K | $124K | $4K | — | View 990 |
| 2017 | $63K | $106K | $47K | $1K | — | — |
| 2016 | $93K | $115K | $113K | $25K | — | View 990 |
| 2015 | $175K | $128K | $111K | $1K | — | View 990 |
| 2014 | $90K | $73K | $63K | $239 | — | View 990 |
| 2013 | $128K | $195K | $47K | $427 | — | View 990 |
| 2012 | $244K | $328K | $123K | $10K | — | View 990 |
| 2011 | $341K | $360K | $210K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $65K, expenses of $100K, and assets of $47K (revenue -1.4% year-over-year).
- 2022: Revenue of $66K, expenses of $95K, and assets of $82K (revenue -10.8% year-over-year).
- 2021: Revenue of $74K, expenses of $117K, and assets of $111K (revenue -32.8% year-over-year).
- 2020: Revenue of $110K, expenses of $160K, and assets of $154K (revenue -46.4% year-over-year).
- 2019: Revenue of $205K, expenses of $120K, and assets of $205K (revenue +13.3% year-over-year).
- 2018: Revenue of $181K, expenses of $106K, and assets of $124K (revenue +186.8% year-over-year).
- 2017: Revenue of $63K, expenses of $106K, and assets of $47K (revenue -32.5% year-over-year).
- 2016: Revenue of $93K, expenses of $115K, and assets of $113K (revenue -46.9% year-over-year).
- 2015: Revenue of $175K, expenses of $128K, and assets of $111K (revenue +95.4% year-over-year).
- 2014: Revenue of $90K, expenses of $73K, and assets of $63K (revenue -30.0% year-over-year).
- 2013: Revenue of $128K, expenses of $195K, and assets of $47K (revenue -47.4% year-over-year).
- 2012: Revenue of $244K, expenses of $328K, and assets of $123K (revenue -28.5% year-over-year).
- 2011: Revenue of $341K, expenses of $360K, and assets of $210K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glory Enterprises Inc:
Data Sources and Methodology
This transparency report for Glory Enterprises 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.