Gloatl Inc

Analysis

Gloatl Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in January 2010, 16 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, Gloatl Inc reported income of $114k and spending of $149k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $222k to $114k (-49%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gloatl Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within GA. Charities of a similar size with the same main cause include United Irish Societies ($114k), Chicago Fashion Development NFP ($114k) and Wild West History Association ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $14k (9.4% of expenses). Other salaries and wages came to $78k. At year end it held assets of -$77k against liabilities of $0, net assets of -$77k. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.