Globaljax Inc

Analysis

Globaljax Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in March 1991, 35 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 September 2023, Globaljax Inc reported income of $202k and spending of $179k, spending 89% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $162k to $202k (+25%), an average of +25% a year. The sharpest change came in the year to September 2023, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Globaljax Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Manush Manusher Jonyo Foundation Inc ($202k), Hope for the World India Inc ($202k) and Mosul Recovery Foundation ($202k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $61k (34% of expenses). At year end it held assets of $25k against liabilities of $0, net assets of $25k. It reported 3 employees.