Global Material Technologies Charitable Foundation

Analysis

Global Material Technologies Charitable Foundation is a registered charity in United States, based in Buffalo Grove, IL. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Global Material Technologies Charitable Foundation reported income of $51k and spending of $32k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $51k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Global Material Technologies Charitable Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within IL. Charities of a similar size with the same main cause include Little Opera ($51k), Music of Penn Alps Inc ($51k) and Fort Smith Street Car Restoration Association Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.