Globalworks Foundation

Analysis

Globalworks Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Globalworks Foundation reported income of $235k and spending of $441k, spending 187% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $283k to $235k (-17%), an average of -6.0% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 104% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Globalworks Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 32nd percentile within DC. Charities of a similar size with the same main cause include Called for His Purpose Inc ($235k), Mission of Truth ($235k) and North Africa Connection ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $74k. At year end it held assets of $393k against liabilities of $360k, net assets of $33k.