Global Press Institute

Analysis

Global Press Institute is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Global Press Institute reported income of $3.6m and spending of $5.3m, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $3.6m (+3.6%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 297%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Global Press Institute sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 76th percentile within DC. Charities of a similar size with the same main cause include Kansas Public Telecommunications Service Inc ($3.6m), Theatre Latte-Da ($3.6m) and Valley Public Television Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $505k (9.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $3.2m against liabilities of $37k, net assets of $3.2m. It reported 20 employees.