The Center for Global Enterprise Ltd

Analysis

The Center for Global Enterprise Ltd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2014, 12 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, The Center for Global Enterprise Ltd reported income of $7.5m and spending of $8.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $7.5m (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Center for Global Enterprise Ltd sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Jewish Federation of Las Vegas ($7.5m), Halcyon Center Bahavioral Associate of Mass Inc ($7.5m) and Manning Educational Association ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $742k (9.3% of expenses). Other salaries and wages came to $898k. It paid $1,188 in professional fundraising fees. At year end it held assets of $5.9m against liabilities of $3.3m, net assets of $2.6m. It reported 11 employees.