Global Year

Analysis

Global Year is a registered charity in United States, based in Fairmount, GA. It received its IRS tax-exemption ruling in August 2010, 16 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 Year reported income of $753k and spending of $865k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $826k to $753k (-8.8%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Global Year sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include San Antonio Catholic Worker Community Housing Trust of 1992 ($753k), Manny Arango Ministries Inc ($754k) and Raise Up for Christ Inc ($753k).

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 $140k (16% of expenses). Other salaries and wages came to $418k. At year end it held assets of $681k against liabilities of $20k, net assets of $661k. It reported 17 employees.