Global Networks Inc

Analysis

Global Networks Inc is a registered charity in United States, based in Mount Juliet, TN. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover science and technology, 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 December 2023, Global Networks Inc reported income of $148k and spending of $103k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $30k to $148k (+400%), an average of +124% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 81% 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 Networks 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 47th percentile, and in the 47th percentile within TN. Charities of a similar size with the same main cause include Yofi Fest Inc ($148k), Museum of the Mountain West ($148k) and Texas Youth Ballet ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.