Globe Outreach Inc

Analysis

Globe Outreach Inc is a registered charity in United States, based in Grapevine, TX. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2019, Globe Outreach Inc reported income of $72k and spending of $71k, spending 99% of its income. Across the 2 years on record, from December 2018 to December 2019, income fell from $91k to $72k (-21%), an average of -21% a year. The sharpest change came in the year to December 2019, when income dropped by 21%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Globe Outreach Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Voice of Mexico Ministries ($72k), Chinese Christian Family Church Fontana ($72k) and Focus Ministries Inc ($72k).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $49k. At year end it held assets of $17k against liabilities of -$4,353, net assets of $21k. It reported 2 employees.