Global Advance Foundation

Analysis

Global Advance Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Advance Foundation reported income of $134k and spending of $20k, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $74k to $134k (+81%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 171%. Over the whole period it spent 8.6% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Global Advance Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Soli Deo Gloria Inc ($134k), Hope Has Arrived ($134k) and Journey Church ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.