The@Charles William Glasscock Foundation
The Charles William Glasscock Foundation experiences highly volatile revenue and expenses, with recent deficits impacting asset growth.
EIN: 201775048 · Shreveport, LA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $60K |
| Total Expenses | $131K |
| Program Spending | 80% |
| Net Assets | $20K |
| Transparency Score | 65/100 |
Is The@Charles William Glasscock Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The@Charles William Glasscock Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The@Charles William Glasscock Foundation
The@Charles William Glasscock Foundation (EIN: 201775048) is a nonprofit organization based in Shreveport, LA, classified under NTEE code T22. The organization reported total revenue of $60K and total assets of $125K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The@Charles William Glasscock Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The@Charles William Glasscock Foundation is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 113.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $108K |
| Total Expenses | $131K |
| Surplus / Deficit | $-23,306 |
| Total Assets | $20K |
| Total Liabilities | $1 |
| Net Assets | $20K |
| Operating Margin | -21.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1.8 months |
Financial Health Grade: C
In 2023, The@Charles William Glasscock Foundation reported a deficit of $23K with expenses exceeding revenue, holds 1.8 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The@Charles William Glasscock Foundation's revenue has grown at a compound annual growth rate (CAGR) of 113.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +174.0% | +854.3% | -53.8% |
| 2022 | +12615.9% | +632.0% | +143.9% |
| 2021 | +7625.0% | -3.8% | -12.0% |
| 2020 | -82.6% | -4.9% | -5.2% |
| 2019 | +2200.0% | — | +13629.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 The@Charles William Glasscock Foundation with a Mission Score of 65 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: 80%
- fundraising: 5%
According to IRS 990 filings, The@Charles William Glasscock Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $23K, 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, which is appropriate for an organization of this size and type, indicating that no salaries are paid to officers.
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 The@Charles William Glasscock Foundation's IRS 990 filings:
- Expenses frequently exceed revenue, as seen in 202312 ($130,975 expenses vs. $107,669 revenue), 202112 ($1,875 expenses vs. $309 revenue), and other periods, indicating potential sustainability issues.
- Significant fluctuation in assets, from $43,335 in 202212 down to $20,028 in 202312, suggests inconsistent financial management or large, irregular distributions.
- Lack of detailed expense breakdown in the provided data makes it difficult to assess program efficiency.
Strengths
The following positive indicators were identified for The@Charles William Glasscock Foundation:
- Consistent 0% officer compensation across all filings demonstrates good governance regarding executive pay.
- The organization has a long filing history (10 filings), indicating sustained operation.
- Low liabilities reported across most periods (e.g., $1 in 202312 and 202212) suggest minimal debt burden.
Frequently Asked Questions about The@Charles William Glasscock Foundation
Is The@Charles William Glasscock Foundation a legitimate charity?
The@Charles William Glasscock Foundation (EIN: 201775048) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $60K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does The@Charles William Glasscock Foundation spend its money?
The@Charles William Glasscock Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The@Charles William Glasscock Foundation tax-deductible?
The@Charles William Glasscock Foundation is registered as a tax-exempt nonprofit (EIN: 201775048). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The@Charles William Glasscock Foundation's spending goes to programs?
The@Charles William Glasscock Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The@Charles William Glasscock Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), The@Charles William Glasscock Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The@Charles William Glasscock Foundation located?
The@Charles William Glasscock Foundation is headquartered in Shreveport, Louisiana and files with the IRS under EIN 201775048. It is classified under NTEE code T22.
How many years of IRS 990 filings does The@Charles William Glasscock Foundation have?
The@Charles William Glasscock Foundation has 10 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 $60K in total revenue.
What are the specific programs or grants funded by The Charles William Glasscock Foundation?
The provided data does not detail specific programs or grants. As a private grantmaking foundation (NTEE T22), its primary activity would be distributing funds to other organizations or individuals, but the recipients are not specified in this summary.
Why did the foundation's assets decrease from $43,335 in 202212 to $20,028 in 202312?
The decrease in assets is likely due to the foundation's expenses ($130,975) exceeding its revenue ($107,669) in the 202312 period, resulting in a net loss that drew down its asset base.
What caused the significant increase in expenses from $13,725 in 202212 to $130,975 in 202312?
The data does not specify the nature of the expenses. This large increase could be due to a significant grant distribution, increased operational costs, or other expenditures in the 202312 period.
Filing History
IRS 990 filing history for The@Charles William Glasscock Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The@Charles William Glasscock Foundation's revenue has grown by 897141.7%, moving from $12 to $108K. Total assets increased by 670.3% over the same period, from $3K to $20K. Total functional expenses rose by 13686.8%, from $950 to $131K. In its most recent filing year (2023), The@Charles William Glasscock Foundation reported a deficit of $23K, with expenses exceeding revenue. The organization holds $1 in liabilities against $20K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $20K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $108K | $131K | $20K | $1 | — | View 990 |
| 2022 | $39K | $14K | $43K | $1 | — | View 990 |
| 2021 | $309 | $2K | $18K | $1 | — | View 990 |
| 2020 | $4 | $2K | $20K | $850 | — | — |
| 2019 | $23 | $2K | $21K | $0 | — | View 990 |
| 2015 | $1 | $0 | $155 | $0 | — | View 990 |
| 2014 | $1 | $750 | $155 | $0 | — | View 990 |
| 2013 | $1 | $950 | $905 | $0 | — | View 990 |
| 2012 | $4 | $750 | $2K | $0 | — | View 990 |
| 2011 | $12 | $950 | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $108K, expenses of $131K, and assets of $20K (revenue +174.0% year-over-year).
- 2022: Revenue of $39K, expenses of $14K, and assets of $43K (revenue +12615.9% year-over-year).
- 2021: Revenue of $309, expenses of $2K, and assets of $18K (revenue +7625.0% year-over-year).
- 2020: Revenue of $4, expenses of $2K, and assets of $20K (revenue -82.6% year-over-year).
- 2019: Revenue of $23, expenses of $2K, and assets of $21K (revenue +2200.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $155 (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $750, and assets of $155 (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $950, and assets of $905 (revenue -75.0% year-over-year).
- 2012: Revenue of $4, expenses of $750, and assets of $2K (revenue -66.7% year-over-year).
- 2011: Revenue of $12, expenses of $950, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The@Charles William Glasscock Foundation:
Data Sources and Methodology
This transparency report for The@Charles William Glasscock Foundation 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.