S Glass Foundation Inc
S Glass Foundation consistently spends more than it earns, drawing on substantial assets.
EIN: 200404148 · Dublin, GA · NTEE: T22 · Updated: 2026-03-28
Is S Glass Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
S Glass Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About S Glass Foundation Inc
S Glass Foundation Inc (EIN: 200404148) is a nonprofit organization based in Dublin, GA, classified under NTEE code T22. The organization reported total revenue of $10.5M and total assets of $23.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of S Glass Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
S Glass Foundation Inc is a large nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 57.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $405K |
| Total Expenses | $779K |
| Surplus / Deficit | $-374,334 |
| Total Assets | $13.6M |
| Total Liabilities | $1 |
| Net Assets | $13.6M |
| Operating Margin | -92.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 209.5 months |
Financial Health Grade: B
In 2023, S Glass Foundation Inc reported a deficit of $374K with expenses exceeding revenue, holds 209.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), S Glass Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 57.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.0% | -18.6% | -1.8% |
| 2022 | -64.3% | -13.7% | +77.2% |
| 2021 | +14.0% | +3.9% | -16.9% |
| 2020 | +24.5% | +8.1% | -12.7% |
| 2019 | +12.3% | +33.2% | -20.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 S Glass Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, S Glass Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $374K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a positive for minimizing administrative costs.
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 S Glass Foundation Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, e.g., $779,195 expenses vs. $404,861 revenue in 2023.
- Significant fluctuation in revenue and assets over time, making financial trends less predictable.
Strengths
The following positive indicators were identified for S Glass Foundation Inc:
- Zero officer compensation reported across all filings, indicating low executive overhead.
- Very low liabilities reported in recent years (e.g., $1 in 2023 and 2022), indicating strong debt management.
- Substantial asset base ($23,114,696 latest) provides financial stability and capacity for grantmaking.
- Consistent IRS 990 filing history (10 filings) demonstrates transparency and compliance.
Frequently Asked Questions about S Glass Foundation Inc
Is S Glass Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, S Glass Foundation Inc (EIN: 200404148) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does S Glass Foundation Inc spend its money?
S Glass Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to S Glass Foundation Inc tax-deductible?
S Glass Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200404148). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does S Glass Foundation sustain its operations given consistent spending exceeding revenue?
The foundation appears to sustain operations by drawing on its substantial asset base, which was $13,600,540 in 2023 and $23,114,696 most recently. This is common for foundations that distribute grants from an endowment.
What is the specific nature of the foundation's program spending?
As a T22 NTEE code organization (Foundations, Grantmaking & Giving Services), its program spending is primarily focused on grantmaking and charitable distributions, though specific beneficiaries are not detailed in the provided summary.
Why has the foundation's revenue fluctuated significantly over the years?
Revenue has varied widely, from $10,523,079 (latest) to $232 in 2012. This fluctuation could be due to investment performance, large one-time donations, or changes in grant cycles, which is typical for foundations.
What is the long-term strategy for managing the operational deficits?
The consistent operational deficits suggest a strategy of spending down assets or distributing more than annual income, which is a common practice for some foundations, particularly those with a defined lifespan or specific spending goals for their endowment.
Filing History
IRS 990 filing history for S Glass Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), S Glass Foundation Inc's revenue has grown by 23061.4%, moving from $2K to $405K. Total assets increased by 3643.7% over the same period, from $363K to $13.6M. Total functional expenses rose by 1197.6%, from $60K to $779K. In its most recent filing year (2023), S Glass Foundation Inc reported a deficit of $374K, with expenses exceeding revenue. The organization holds $1 in liabilities against $13.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $405K | $779K | $13.6M | $1 | — | — |
| 2022 | $298K | $957K | $13.9M | $1 | — | View 990 |
| 2021 | $834K | $1.1M | $7.8M | $56 | — | View 990 |
| 2020 | $732K | $1.1M | $9.4M | $1 | — | View 990 |
| 2019 | $587K | $988K | $10.8M | $2K | — | — |
| 2017 | $523K | $741K | $13.5M | $8K | — | — |
| 2015 | $303K | $1.0M | $12.4M | $8K | — | View 990 |
| 2013 | $2.6M | $105K | $1.7M | $4K | — | View 990 |
| 2012 | $232 | $25K | $337K | $25 | — | View 990 |
| 2011 | $2K | $60K | $363K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $405K, expenses of $779K, and assets of $13.6M (revenue +36.0% year-over-year).
- 2022: Revenue of $298K, expenses of $957K, and assets of $13.9M (revenue -64.3% year-over-year).
- 2021: Revenue of $834K, expenses of $1.1M, and assets of $7.8M (revenue +14.0% year-over-year).
- 2020: Revenue of $732K, expenses of $1.1M, and assets of $9.4M (revenue +24.5% year-over-year).
- 2019: Revenue of $587K, expenses of $988K, and assets of $10.8M (revenue +12.3% year-over-year).
- 2017: Revenue of $523K, expenses of $741K, and assets of $13.5M (revenue +72.8% year-over-year).
- 2015: Revenue of $303K, expenses of $1.0M, and assets of $12.4M (revenue -88.4% year-over-year).
- 2013: Revenue of $2.6M, expenses of $105K, and assets of $1.7M (revenue +1125576.3% year-over-year).
- 2012: Revenue of $232, expenses of $25K, and assets of $337K (revenue -86.7% year-over-year).
- 2011: Revenue of $2K, expenses of $60K, and assets of $363K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for S Glass Foundation Inc:
Data Sources and Methodology
This transparency report for S Glass Foundation 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.