Global Equip Inc

Analysis

Global Equip Inc is a registered charity in United States, based in Broken Arrow, OK. It received its IRS tax-exemption ruling in July 2012, 14 years ago. 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 Equip Inc reported income of $255k and spending of $258k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $386k to $255k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Global Equip Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within OK. Charities of a similar size with the same main cause include East Texas Literacy Council ($255k), Cocolalla Lake Bible Conference Association ($255k) and Handel Choir of Baltimore Inc ($255k).

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 $114k (44% of expenses). At year end it held assets of $81k against liabilities of $3,446, net assets of $77k. It reported 2 employees.