Global Impact Ministries & Outreach Assoc

Analysis

Global Impact Ministries & Outreach Assoc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Global Impact Ministries & Outreach Assoc reported income of $522k and spending of $567k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $517k to $522k (+1.1%), an average of +0.3% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Global Impact Ministries & Outreach Assoc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Charitable Ministry Support Inc ($522k), Indian Community Center Corp ($523k) and City on a Hill Young Adult Apostolate ($522k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $54k (9.6% of expenses). At year end it held assets of $123k against liabilities of $4,386, net assets of $119k. It reported 2 employees.