Global Family for Love and Peace Incorporated

Analysis

Global Family for Love and Peace Incorporated is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in June 2003, 23 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 December 2023, Global Family for Love and Peace Incorporated reported income of $50k and spending of $16k, leaving 67% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $32 to $50k (+156359%), an average of +156359% a year. The sharpest change came in the year to December 2023, when income rose by 156359%. Over the whole period it spent 132% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Global Family for Love and Peace Incorporated sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Boyle County Band Association Inc ($50k), Friends Of@salisbury Elks Lodge 817 Inc ($50k) and John Marshall High School Foundation Inc ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $118k against liabilities of $28k, net assets of $90k.