Global Good Fund

Analysis

Global Good Fund is a registered charity in United States, based in Glenwood, MD. It received its IRS tax-exemption ruling in December 2013, 13 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 Good Fund reported income of $1.5m and spending of $1.6m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $1.5m (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Global Good Fund sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Esperanza Ministries ($1.5m), Christian Child Care Inc ($1.5m) and St James Arc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $303k (18% of expenses). Other salaries and wages came to $313k. At year end it held assets of $1.1m against liabilities of $70k, net assets of $1.0m. It reported 7 employees.