Generosity-Global Incorporated

Analysis

Generosity-Global Incorporated is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Generosity-Global Incorporated reported income of $150k and spending of $203k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $261k to $150k (-43%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Generosity-Global Incorporated sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within MD. Charities of a similar size with the same main cause include Clothing Inc ($150k), Blast 4 Kids ($150k) and Canines for Christ Therapy Dog Ministry Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $18k (9.1% of expenses). Other salaries and wages came to $22k. At year end it held assets of $32k against liabilities of $114k, net assets of -$82k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.