Global Charitable Fund

Analysis

Global Charitable Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 Charitable Fund reported income of $40.9m and spending of $39.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $27.8m to $40.9m (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Global Charitable Fund sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Better Health Foundation ($40.9m), The Jewish Federation of Greater Washington Inc ($41.0m) and Air Force Academy Foundation ($40.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m.