Globeworks International Inc

Analysis

Globeworks International Inc is a registered charity in United States, based in Vestavia HLS, AL. It received its IRS tax-exemption ruling in February 2000, 26 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, Globeworks International Inc reported income of $923k and spending of $966k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $780k to $923k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Globeworks International Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within AL. Charities of a similar size with the same main cause include RVSL Foundation ($923k), Good Shepherd Alliance Inc ($924k) and Niagara Gospel Rescue Mission Inc ($923k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $24k (2.5% of expenses). At year end it held assets of $625k against liabilities of $0, net assets of $625k. It reported 2 employees.