Global Ministries Foundation

Analysis

Global Ministries Foundation is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Ministries Foundation reported income of $1.1m and spending of $12.9m, spending 1136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $1.1m (-61%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 76%. Over the whole period it spent 171% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Global Ministries Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Anglican Communion Compass Rose Society Inc ($1.1m), Jewish Resource Center ($1.1m) and Goten Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $545k (4.2% of expenses). Other salaries and wages came to $328k. At year end it held assets of $5.2m against liabilities of $2.3m, net assets of $2.9m. It reported 15 employees.