Global Ties Akron

Analysis

Global Ties Akron is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in March 1990, 36 years ago. 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 September 2023, Global Ties Akron reported income of $308k and spending of $290k, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $236k to $308k (+30%), an average of +6.9% a year. The sharpest change came in the year to September 2021, when income rose by 68%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Global Ties Akron sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Warren Memorial Hospital Foundation Inc ($308k), PTA California Congress of Parents Teachers & Students Inc ($308k) and Little League Baseball Inc ($308k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $83k (29% of expenses). Other salaries and wages came to $41k. At year end it held assets of $107k against liabilities of $4,486, net assets of $102k. It reported 2 employees.