Urbanglass New York Contemporary Glass Center Inc

Urbanglass faces persistent operational deficits and declining assets despite zero executive compensation.

EIN: 133098471 · Brooklyn, NY · NTEE: A400 · Updated: 2026-03-28

$3.4MRevenue

$1.2MAssets

65/100Mission Score (Good)

A400

About Urbanglass New York Contemporary Glass Center Inc

Urbanglass New York Contemporary Glass Center Inc (EIN: 133098471) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code A400. The organization reported total revenue of $3.4M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Urbanglass New York Contemporary Glass Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Urbanglass New York Contemporary Glass Center Inc has demonstrated consistent operational deficits in recent years, with expenses exceeding revenue in most of its recent filings. For instance, in 2023, expenses were $3,773,081 against revenues of $3,301,718, indicating a significant shortfall. This trend suggests a reliance on existing assets or other funding sources to cover operational costs. The organization's assets have also shown a declining trend, from $1,687,992 in 2021 to $1,142,690 in 2023, while liabilities have generally increased, reaching $1,113,549 in 2023. This financial pattern raises concerns about long-term sustainability if not addressed.

Despite these financial challenges, the organization reports 0% officer compensation across all available filings, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice is commendable and suggests a focus on program delivery. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The consistent operational deficits, coupled with increasing liabilities and decreasing assets, warrant closer scrutiny of their financial management strategies and funding models.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Urbanglass New York Contemporary Glass Center Inc 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: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Urbanglass New York Contemporary Glass Center Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Urbanglass reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size and revenue, and suggests a strong commitment to mission-focused spending.

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 Urbanglass New York Contemporary Glass Center Inc's IRS 990 filings:

Consistent operational deficits (e.g., $471,363 deficit in 2023)
Declining asset base (from $1,687,992 in 2021 to $1,142,690 in 2023)
Increasing liabilities (from $566,837 in 2020 to $1,113,549 in 2023)

Strengths

The following positive indicators were identified for Urbanglass New York Contemporary Glass Center Inc:

Zero officer compensation reported across all filings, indicating high dedication to mission
Long filing history (13 filings) suggests consistent operation and transparency in reporting

Frequently Asked Questions about Urbanglass New York Contemporary Glass Center Inc

Is Urbanglass a good charity?

Urbanglass exhibits a strong commitment to its mission by reporting 0% officer compensation, which is highly commendable. However, its consistent operational deficits (e.g., $3,773,081 expenses vs. $3,301,718 revenue in 2023) and declining asset base raise concerns about its long-term financial stability.

Why are Urbanglass's expenses consistently higher than its revenue?

Urbanglass has consistently reported expenses exceeding revenue in most recent periods (e.g., 2023, 2022, 2021). This indicates that the organization is spending more than it earns, potentially drawing from reserves or incurring debt to cover operational costs, as evidenced by increasing liabilities.

What is the trend in Urbanglass's assets and liabilities?

Urbanglass's assets have generally declined from $1,687,992 in 2021 to $1,142,690 in 2023, while liabilities have shown an increasing trend, reaching $1,113,549 in 2023. This suggests a weakening financial position with less financial cushion and more debt.

Filing History

IRS 990 filing history for Urbanglass New York Contemporary Glass Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Urbanglass New York Contemporary Glass Center Inc's revenue has grown by 173.6%, moving from $1.2M to $3.3M. Total assets increased by 362.9% over the same period, from $247K to $1.1M. Total functional expenses rose by 175%, from $1.4M to $3.8M. In its most recent filing year (2023), Urbanglass New York Contemporary Glass Center Inc reported a deficit of $471K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $1.1M in assets (debt-to-asset ratio: 97.4%), resulting in net assets of $29K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.3M	$3.8M	$1.1M	$1.1M	—	—
2022	$3.4M	$3.7M	$1.3M	$819K	—	—
2021	$2.4M	$2.5M	$1.7M	$919K	—	View 990
2020	$2.1M	$2.2M	$1.4M	$567K	—	View 990
2019	$2.8M	$3.1M	$1.3M	$365K	—	View 990
2018	$2.6M	$2.4M	$1.4M	$241K	—	View 990
2017	$2.5M	$2.4M	$1.3M	$134K	—	View 990
2016	$2.2M	$2.3M	$1.2M	$162K	—	View 990
2015	$2.0M	$1.9M	$1.3M	$177K	—	View 990
2014	$1.7M	$1.8M	$1.5M	$423K	—	View 990
2013	$2.7M	$1.5M	$1.7M	$490K	—	View 990
2012	$1.3M	$915K	$447K	$455K	—	View 990
2011	$1.2M	$1.4M	$247K	$615K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.3M, expenses of $3.8M, and assets of $1.1M (revenue -3.9% year-over-year).
2022: Revenue of $3.4M, expenses of $3.7M, and assets of $1.3M (revenue +41.0% year-over-year).
2021: Revenue of $2.4M, expenses of $2.5M, and assets of $1.7M (revenue +14.5% year-over-year).
2020: Revenue of $2.1M, expenses of $2.2M, and assets of $1.4M (revenue -24.3% year-over-year).
2019: Revenue of $2.8M, expenses of $3.1M, and assets of $1.3M (revenue +9.1% year-over-year).
2018: Revenue of $2.6M, expenses of $2.4M, and assets of $1.4M (revenue +3.6% year-over-year).
2017: Revenue of $2.5M, expenses of $2.4M, and assets of $1.3M (revenue +13.2% year-over-year).
2016: Revenue of $2.2M, expenses of $2.3M, and assets of $1.2M (revenue +8.1% year-over-year).
2015: Revenue of $2.0M, expenses of $1.9M, and assets of $1.3M (revenue +19.4% year-over-year).
2014: Revenue of $1.7M, expenses of $1.8M, and assets of $1.5M (revenue -36.3% year-over-year).
2013: Revenue of $2.7M, expenses of $1.5M, and assets of $1.7M (revenue +109.6% year-over-year).
2012: Revenue of $1.3M, expenses of $915K, and assets of $447K (revenue +5.6% year-over-year).
2011: Revenue of $1.2M, expenses of $1.4M, and assets of $247K.

Data Sources and Methodology

This transparency report for Urbanglass New York Contemporary Glass Center 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.