Global Ecolabelling Network Inc

Analysis

Global Ecolabelling Network Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Ecolabelling Network Inc reported income of $276k and spending of $285k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $210k to $276k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Global Ecolabelling Network Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 55th percentile within DE. Charities of a similar size with the same main cause include Charitable Friends of Ashley Valley ($276k), Puede Network ($276k) and Asesores Financieros Comunitarios Inc ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $98k (34% of expenses). At year end it held assets of $534k against liabilities of $16k, net assets of $518k.