Fund for the Global Fund

Analysis

Fund for the Global Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Fund for the Global Fund reported income of $25.6m and spending of $19.2m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $45.3m to $25.6m (-44%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 61%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fund for the Global Fund sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 95th percentile within DC. Charities of a similar size with the same main cause include Kanawha Hospice Care Inc ($25.6m), Lutheran Homes of Oconomowoc Inc ($25.6m) and Southern California Health & Rehabilitation Program ($25.6m).

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 $36k (0.2% of expenses). At year end it held assets of $26.0m against liabilities of $17.8m, net assets of $8.2m.