Global War on Terrorism Memorial Foundation Inc

Analysis

Global War on Terrorism Memorial Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Global War on Terrorism Memorial Foundation Inc reported income of $2.3m and spending of $2.7m, spending 122% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $123k to $2.3m (+1733%), an average of +79% a year. The sharpest change came in the year to December 2021, when income rose by 699%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Global War on Terrorism Memorial Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 68th percentile within DC. Charities of a similar size with the same main cause include Young Womens Christian Association of South Hampton Roads ($2.3m), Teton Raptor Center ($2.3m) and Baton Rouge Primary Care Collaborative Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.1m (39% of expenses). At year end it held assets of $3.3m against liabilities of $461k, net assets of $2.8m. It reported 8 employees.