Global Connections to Employment Inc

Analysis

Global Connections to Employment Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Global Connections to Employment Inc reported income of $107.2m and spending of $103.5m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $201.5m to $107.2m (-47%), an average of -15% a year. The sharpest change came in the year to September 2022, when income dropped by 39%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Global Connections to Employment Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Young Mens Christian Association of San Francisco ($107.1m), Soles 4 Souls ($108.4m) and Tidewell Hospice Inc ($107.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $366k (0.4% of expenses). Other salaries and wages came to $50.2m. At year end it held assets of $50.9m against liabilities of $13.3m, net assets of $37.6m. It reported 1,912 employees.