Old Globe Endowment Trust

Analysis

Old Globe Endowment Trust is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 1999, 27 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending December 2023, Old Globe Endowment Trust reported income of $2.2m and spending of $2.4m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $30.6m to $2.2m (-93%), an average of -48% a year. The sharpest change came in the year to December 2020, when income dropped by 95%. Over the whole period it spent 12% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Globe Endowment Trust sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Methodist Home for the Aging ($2.2m), Orlean and Ralph W Beeson Fund ($2.2m) and Noah Project Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $55.5m against liabilities of $0, net assets of $55.5m.