Global Ministries Network Inc

Analysis

Global Ministries Network Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2003, 23 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, Global Ministries Network Inc reported income of $295k and spending of $304k, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $148k to $295k (+99%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Global Ministries Network Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Quba Center ($295k), Christian Performing Artists Fellowship ($295k) and Hispanic Scholars Program ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $162k. At year end it held assets of $479k against liabilities of $89k, net assets of $390k. It reported 10 employees.