Global Impact Solutions Inc

Analysis

Global Impact Solutions Inc is a registered charity in United States, based in Lake St Louis, MO. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Impact Solutions Inc reported income of $173k and spending of $214k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $177k to $173k (-2.8%), an average of -2.8% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Global Impact Solutions Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MO. Charities of a similar size with the same main cause include Cocotree Kids Inc ($172k), Wolfeboro Area Meals on Wheels Inc ($173k) and Joy Closet ($172k).

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 $6,739 against liabilities of $1,831, net assets of $4,908.