The Global Development Incubator Inc

Analysis

The Global Development Incubator Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, The Global Development Incubator Inc reported income of $17.0m and spending of $18.6m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.0m to $17.0m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 97% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Global Development Incubator Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 92nd percentile within DC. Charities of a similar size with the same main cause include Faith in Practice ($16.8m), Afs Intercultural Programs Inc ($17.4m) and Hope of Life International ($16.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $672k (3.6% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $17.1m against liabilities of $6.1m, net assets of $11.0m. It reported 29 employees.