Global Generosity Inc

Analysis

Global Generosity Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Generosity Inc reported income of $3.8m and spending of $4.7m, spending 121% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $17.5m to $3.8m (-78%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 78%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Global Generosity Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Greene County Community Foundation ($3.8m), Eshraghieh and Mahmoud Rabbani Charitable TR ($3.8m) and Reach Georgia Foundation Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $536k (12% of expenses). At year end it held assets of $2.4m against liabilities of $172k, net assets of $2.2m. It reported 3 employees.