Global Knowledge Initiative

Analysis

Global Knowledge Initiative is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Global Knowledge Initiative reported income of $1.2m and spending of $1.8m, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $790k to $1.2m (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Global Knowledge Initiative sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 57th percentile within DC. Charities of a similar size with the same main cause include Kingsborough Community College Association Inc ($1.2m), Childrens Community School ($1.2m) and Summit Academy of Central Virginia Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $400k (22% of expenses). Other salaries and wages came to $334k. At year end it held assets of $220k against liabilities of $74k, net assets of $146k. It reported 6 employees.