Global Recovery Initiatives Foundation

Analysis

Global Recovery Initiatives Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2006, 20 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 Recovery Initiatives Foundation reported income of $360k and spending of $57k, leaving 84% of income unspent that year. Across the 5 years on record, from June 2019 to December 2023, income grew from $81k to $360k (+342%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 2066%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Global Recovery Initiatives Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 38th percentile within DC. Charities of a similar size with the same main cause include Kings Academy ($360k), Nichols State University Alumni Federation ($360k) and Waterville Parents Association ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $240k against liabilities of $24k, net assets of $216k.