Global Friends Coalition

Analysis

Global Friends Coalition is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Friends Coalition reported income of $330k and spending of $364k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $309k to $330k (+6.7%), an average of +3.3% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Global Friends Coalition sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 58th percentile within ND. Charities of a similar size with the same main cause include Swisher County Senior Citizens Association Incorporated ($330k), Shirayuri Youchien ($330k) and Playing for Others Inc ($330k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $61k (17% of expenses). Other salaries and wages came to $107k. At year end it held assets of $163k against liabilities of $6,940, net assets of $156k. It reported 9 employees.