Global Lounge Incorporated

Analysis

Global Lounge Incorporated is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, 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 Lounge Incorporated reported income of $152k and spending of $106k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $172k to $152k (-11%), an average of -11% a year. Over the whole period it spent 73% 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 Lounge Incorporated sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within ID. Charities of a similar size with the same main cause include Georgia Engineering Foundation Inc ($152k), Florida Cultural Education Alliance Inc ($152k) and Conejo Guardian ($152k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 14% of the total. At year end it held assets of $275k against liabilities of $0, net assets of $275k.