Global Fund for Children

Analysis

Global Fund for Children is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Global Fund for Children reported income of $17.6m and spending of $11.2m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $17.6m (+196%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 107%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Global Fund for Children sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 92nd percentile within DC. Charities of a similar size with the same main cause include Tate Americas Foundation ($17.5m), Pacific Science Center Foundation ($17.6m) and American Meteorological Society ($17.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $668k (6.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $22.3m against liabilities of $3.0m, net assets of $19.4m. It reported 25 employees.