Global Federation of Competitiveness Councils

Analysis

Global Federation of Competitiveness Councils is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2015, 11 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 (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 Federation of Competitiveness Councils reported income of $442k and spending of $557k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $789k to $442k (-44%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 94% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Global Federation of Competitiveness Councils sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 41st percentile within DC. Charities of a similar size with the same main cause include International Friends of KHM ($442k), International Epidemiological Association Incorporated ($442k) and The Microdreams Foundation Inc ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $150. At year end it held assets of $196k against liabilities of $48k, net assets of $148k.