Global Nomads Group Inc

Analysis

Global Nomads Group Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1998, 28 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 June 2023, Global Nomads Group Inc reported income of $2.1m and spending of $2.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.1m (+4.2%), an average of +1.0% a year. The sharpest change came in the year to June 2022, when income rose by 129%. Over the whole period it spent 106% 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 Nomads Group Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include National Latino Behavioral Health Association ($2.1m), Pacific Crest Youth Arts Organization ($2.1m) and Suffolk Center for Cultural Arts Foundation ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $442k (21% of expenses). Other salaries and wages came to $504k. At year end it held assets of $516k against liabilities of $795k, net assets of -$279k. It reported 10 employees.