Glove House Inc
Glove House Inc. maintains stable finances with consistent revenue and expenses, reporting no officer compensation.
EIN: 160968676 · Elmira, NY · NTEE: P73Z · Updated: 2026-03-28
Is Glove House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glove House Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Glove House Inc
Glove House Inc (EIN: 160968676) is a nonprofit organization based in Elmira, NY, classified under NTEE code P73Z. The organization reported total revenue of $9.1M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glove House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Glove House Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Glove House Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Glove House Inc. consistently reports 0% officer compensation across all 12 available IRS 990 filings, which is highly unusual for an organization with annual revenues exceeding $9 million. This suggests either a fully volunteer executive leadership or compensation structured in a way that is not reported under 'officer compensation' on the 990, warranting further investigation for full transparency.
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 Glove House Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data, making it difficult to assess program efficiency accurately.
- Consistent 0% officer compensation for an organization of this size and revenue, which is unusual and may obscure how leadership is compensated.
Strengths
The following positive indicators were identified for Glove House Inc:
- Consistent financial stability with revenues generally covering expenses over a decade.
- Gradual growth in assets, indicating increasing financial capacity.
- No reported officer compensation, which can be a strong positive for donor perception of executive pay.
- Long history of IRS 990 filings (12 filings), suggesting established operations and compliance.
Frequently Asked Questions about Glove House Inc
Is Glove House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Glove House Inc (EIN: 160968676) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Glove House Inc spend its money?
Glove House Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Glove House Inc tax-deductible?
Glove House Inc is registered as a tax-exempt nonprofit (EIN: 160968676). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Glove House Inc. a good charity?
Based on the available data, Glove House Inc. appears to be a financially stable organization with consistent operations and a notable absence of reported officer compensation. Its revenues and expenses are generally balanced, and assets have shown modest growth. However, a full assessment of 'goodness' would require detailed functional expense breakdowns (program, admin, fundraising) and a review of their program outcomes.
How has Glove House Inc.'s financial health changed over the past decade?
Glove House Inc. has maintained a relatively stable financial position over the past decade. Revenues have fluctuated between approximately $6.8 million (201506) and $11.4 million (202006), with expenses generally tracking closely. Assets have steadily increased from $2,569,289 in 201506 to $3,789,365 in 202306, indicating gradual growth in financial capacity.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It suggests that the organization's top executives are either unpaid volunteers or their compensation is categorized differently on the 990 form (e.g., as regular employee salaries if they are not considered 'officers' for reporting purposes). While this can be a positive sign for donor confidence regarding executive pay, it also warrants further inquiry to understand the full compensation structure for leadership.
Filing History
IRS 990 filing history for Glove House Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Glove House Inc's revenue has grown by 13.3%, moving from $8.0M to $9.0M. Total assets increased by 20.9% over the same period, from $3.1M to $3.8M. Total functional expenses rose by 15.8%, from $7.8M to $9.1M. In its most recent filing year (2023), Glove House Inc reported a deficit of $42K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $3.8M in assets (debt-to-asset ratio: 28.6%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $9.0M | $9.1M | $3.8M | $1.1M | — | View 990 |
| 2022 | $9.4M | $8.5M | $3.7M | $948K | — | View 990 |
| 2021 | $10.3M | $10.2M | $3.6M | $1.7M | — | View 990 |
| 2020 | $11.4M | $11.0M | $3.4M | $1.6M | — | View 990 |
| 2019 | $10.3M | $10.0M | $3.3M | $1.9M | — | View 990 |
| 2018 | $8.8M | $9.0M | $2.9M | $1.8M | — | View 990 |
| 2017 | $8.3M | $8.2M | $2.8M | $1.5M | — | View 990 |
| 2016 | $7.8M | $7.7M | $2.9M | $1.7M | — | View 990 |
| 2015 | $6.8M | $6.9M | $2.6M | $1.5M | — | View 990 |
| 2014 | $6.9M | $7.0M | $2.7M | $1.6M | — | View 990 |
| 2013 | $7.5M | $7.6M | $2.9M | $1.6M | — | View 990 |
| 2012 | $8.0M | $7.8M | $3.1M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.0M, expenses of $9.1M, and assets of $3.8M (revenue -3.8% year-over-year).
- 2022: Revenue of $9.4M, expenses of $8.5M, and assets of $3.7M (revenue -8.9% year-over-year).
- 2021: Revenue of $10.3M, expenses of $10.2M, and assets of $3.6M (revenue -10.1% year-over-year).
- 2020: Revenue of $11.4M, expenses of $11.0M, and assets of $3.4M (revenue +11.2% year-over-year).
- 2019: Revenue of $10.3M, expenses of $10.0M, and assets of $3.3M (revenue +16.6% year-over-year).
- 2018: Revenue of $8.8M, expenses of $9.0M, and assets of $2.9M (revenue +6.8% year-over-year).
- 2017: Revenue of $8.3M, expenses of $8.2M, and assets of $2.8M (revenue +5.6% year-over-year).
- 2016: Revenue of $7.8M, expenses of $7.7M, and assets of $2.9M (revenue +14.7% year-over-year).
- 2015: Revenue of $6.8M, expenses of $6.9M, and assets of $2.6M (revenue -0.7% year-over-year).
- 2014: Revenue of $6.9M, expenses of $7.0M, and assets of $2.7M (revenue -8.1% year-over-year).
- 2013: Revenue of $7.5M, expenses of $7.6M, and assets of $2.9M (revenue -6.0% year-over-year).
- 2012: Revenue of $8.0M, expenses of $7.8M, and assets of $3.1M.
Data Sources and Methodology
This transparency report for Glove House 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.