Gsma Mobile for Development Foundation Inc

Analysis

Gsma Mobile for Development Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 2008, 18 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Gsma Mobile for Development Foundation Inc reported income of $19.9m and spending of $19.8m, spending 100% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $24.3m to $19.9m (-18%), an average of -4.9% a year. The sharpest change came in the year to March 2023, when income dropped by 19%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Gsma Mobile for Development Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include Educational Foundation for Foreign Study a Non-Profit Corp ($19.2m), Friends of the Orphans ($19.9m) and Mission Without Borders International ($19.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.2m (5.9% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $13.2m against liabilities of $11.3m, net assets of $1.9m.