Global Commerce Network

Analysis

Global Commerce Network is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Commerce Network reported income of $68k and spending of $124k, spending 183% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $190k to $68k (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Global Commerce Network sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 23rd percentile within CO. Charities of a similar size with the same main cause include Asian American Leadership Center ($68k), Greater Toledo House of Prayer ($68k) and A Call to the Heart Ministry ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. At year end it held assets of $117k against liabilities of $0, net assets of $117k.