Globe Academy Foundation

Analysis

Globe Academy Foundation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Globe Academy Foundation reported income of $145k and spending of $206k, spending 142% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $114k to $145k (+27%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Globe Academy Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within GA. Charities of a similar size with the same main cause include Transformation Outreach Center ($145k), Branham Sports Boosters ($145k) and Picaso Inc ($145k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $217k against liabilities of $0, net assets of $217k.