Global Compact Network USA Inc

Analysis

Global Compact Network USA Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Compact Network USA Inc reported income of $2.5m and spending of $2.7m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $866k to $2.5m (+187%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 78% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Global Compact Network USA Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include William Novick Global Cardiac Alliance Inc ($2.5m), International Visitors Center of Chicago ($2.5m) and Institute for International Law and Human Rights ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $317k (12% of expenses). Other salaries and wages came to $694k. At year end it held assets of $3.4m against liabilities of $1.3m, net assets of $2.1m. It reported 14 employees.