Globallead

Analysis

Globallead is a registered charity in United States, based in Mansfield, OH. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Globallead reported income of $279k and spending of $299k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $364k to $279k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Globallead sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Teen Aircraft Factory of Manasota ($279k), Petaluma High School Athletic Boosters Club ($279k) and Doing Art Together Inc ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $69k (23% of expenses). Other salaries and wages came to $49k. At year end it held assets of $82k against liabilities of $1,326, net assets of $81k. It reported 3 employees.