Global Foundation for Democracy and Development Inc

Analysis

Global Foundation for Democracy and Development Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Global Foundation for Democracy and Development Inc reported income of $1.3m and spending of $1.1m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.3m (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Global Foundation for Democracy and Development Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include St Vincent Charity Health Campus Inc ($1.3m), Isaiah 58 Ministries ($1.3m) and Mountain Mission Inc Welfare Acct ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $166k (15% of expenses). Other salaries and wages came to $139k. At year end it held assets of $953k against liabilities of $969k, net assets of -$16k. It reported 5 employees.