Globalminded

Analysis

Globalminded is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Globalminded reported income of $693k and spending of $827k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $239k to $693k (+190%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Globalminded sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CO. Charities of a similar size with the same main cause include Centro de Estudiante Y Maestro Investigador Corp ($693k), Presence Ambulatory Services ($694k) and Carousel Day Service Center of Crossett Inc ($693k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $192k. At year end it held assets of $104k against liabilities of $9,586, net assets of $95k.