Global Credit Union Foundation

Analysis

Global Credit Union Foundation is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Global Credit Union Foundation reported income of $517k and spending of $616k, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $321k to $517k (+61%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 51%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Global Credit Union Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within AK. Charities of a similar size with the same main cause include Ahavath Achim Congregation Endowment Fund Inc ($516k), Pandemonium Rainforest Project Inc ($517k) and The Appeal of the Nobel Peace Laureates Foundation Inc ($516k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $785k against liabilities of $540k, net assets of $246k.