Glocal Net Inc

Analysis

Glocal Net Inc is a registered charity in United States, based in Keller, TX. It received its IRS tax-exemption ruling in July 2016, 10 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, Glocal Net Inc reported income of $1.7m and spending of $1.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $532k to $1.7m (+212%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 333%. Over the whole period it spent 82% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Glocal Net Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include American International Schools in the Americas Inc ($1.7m), American Friends of Achy ($1.7m) and Junior Achievement of North Florida ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $314k (19% of expenses). Other salaries and wages came to $113k. At year end it held assets of $1.3m against liabilities of $36k, net assets of $1.3m. It reported 4 employees.