Global Gifts Inc

Analysis

Global Gifts Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, Global Gifts Inc reported income of $80k and spending of $452k, spending 562% of what it took in. Across the 6 years on record, from December 2018 to June 2023, income fell from $824k to $80k (-90%), an average of -37% a year. The sharpest change came in the year to June 2023, when income dropped by 92%. Over the whole period it spent 112% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Global Gifts Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within IN. Charities of a similar size with the same main cause include Love of Orphans Foundation Inc ($80k), Papua New Guinea Mission Society ($80k) and Lifebridge Association ($80k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.5% of the total. Compensation of current officers, directors and key employees was $38k (8.3% of expenses). Other salaries and wages came to $181k. At year end it held assets of $325k against liabilities of $367k, net assets of -$41k. It reported 41 employees.