Global Network Foundation Inc Society of Intl Business Fellows

Analysis

Global Network Foundation Inc Society of Intl Business Fellows is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 1993, 33 years ago. 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 Network Foundation Inc Society of Intl Business Fellows reported income of $801k and spending of $1.1m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $952k to $801k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Global Network Foundation Inc Society of Intl Business Fellows sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include Chinese Community Center Inc ($801k), Plumbers & Pipefitters Local 162 Apprenticeship TR ($801k) and Webster Towers Inc ($801k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $3.5m against liabilities of $65k, net assets of $3.5m.