Glocal Ventures Inc

Analysis

Glocal Ventures Inc is a registered charity in United States, based in Keller, TX. It received its IRS tax-exemption ruling in August 2004, 22 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 December 2023, Glocal Ventures Inc reported income of $337k and spending of $313k, spending 93% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $384k to $337k (-12%), an average of -6.3% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 91% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Glocal Ventures Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Womens Campaign International ($337k), Africa Schoolhouse Foundation ($337k) and Amani Sasa Inc ($337k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $27k (8.6% of expenses). Other salaries and wages came to $48k. At year end it held assets of $204k against liabilities of $0, net assets of $204k.