Global Corner Inc

Analysis

Global Corner Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Global Corner Inc reported income of $65k and spending of $90k, spending 140% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $103k to $65k (-37%), an average of -38% a year. The sharpest change came in the year to June 2024, when income dropped by 37%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Global Corner Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include Mexico Education Association ($65k), Citizens of Georgia Power Educational Loan Fund Inc ($65k) and Literacy Volunteers of the Montachusett Area Inc ($65k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 98% of the total. At year end it held assets of $33k against liabilities of $1,948, net assets of $31k.