Global Transpark Foundation Inc

Analysis

Global Transpark Foundation Inc is a registered charity in United States, based in Kinston, NC. It received its IRS tax-exemption ruling in August 1993, 33 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 June 2024, Global Transpark Foundation Inc reported income of $595k and spending of $321k, leaving 46% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $419k to $595k (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2024, when income rose by 150%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Global Transpark Foundation Inc 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 73rd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Rwbid Management Company ($595k), Nicb Foundation ($595k) and East Village Association Inc ($594k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 61% of the total. At year end it held assets of $9.6m against liabilities of $21k, net assets of $9.6m.