Glocal Resources

Analysis

Glocal Resources is a registered charity in United States, based in Gallatin, TN. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Glocal Resources reported income of $71k and spending of $61k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $71k (+11%), an average of +11% a year. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Glocal Resources sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within TN. Charities of a similar size with the same main cause include United Methodist Neighborhood Services ($71k), Powerhaven Ministries Inc ($71k) and Roots and Wings Ministries International ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.