Global Innovation Fund

Analysis

Global Innovation Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2016, 10 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 December 2023, Global Innovation Fund reported income of $725k and spending of $725k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $725k (-54%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Global Innovation Fund sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 49th percentile within DC. Charities of a similar size with the same main cause include Community Child Care Center Inc ($725k), Hive Mentality ($725k) and North Ridgeville Community Care Inc ($725k).

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 $358k (49% of expenses). Other salaries and wages came to $158k. At year end it held assets of $16k against liabilities of $16k, net assets of $0. It reported 4 employees.