Globe Aware

Analysis

Globe Aware is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Globe Aware reported income of $447k and spending of $669k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $447k (-83%), an average of -36% a year. The sharpest change came in the year to December 2020, when income dropped by 76%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Globe Aware sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Junior League of Tyler Inc ($447k), Sabana Grande Community and Economic Development ($447k) and Massachusetts Afl-Cio Workforce Development Programs Inc ($447k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $99k (15% of expenses). Other salaries and wages came to $85k. At year end it held assets of $156k against liabilities of $457k, net assets of -$301k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.