Global Spectrum Foundation Inc

Analysis

Global Spectrum Foundation Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in February 2004, 22 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 Spectrum Foundation Inc reported income of $455k and spending of $370k, spending 81% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $334k to $455k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2022, when income rose by 114%. Over the whole period it spent 79% 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 Spectrum Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within GA. Charities of a similar size with the same main cause include The Arab-American Fund of Georgia Inc ($455k), Fort Meigs Association ($455k) and Arts & Science Center for Southeast Arkansas Endowment Fund Inc ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $42k (11% of expenses). Other salaries and wages came to $104k. At year end it held assets of $2.3m against liabilities of $855k, net assets of $1.5m. It reported 5 employees.