Globel Foster Care

Analysis

Globel Foster Care is a registered charity in United States, based in Missouri City, TX. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Globel Foster Care reported income of $432k and spending of $493k, spending 114% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $626k to $432k (-31%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 49%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Globel Foster Care sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Responsible Gaming Association of New Mexico ($432k), Texas Foundation of Hope Inc ($432k) and Poverty Reduction Services ($432k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 90% of the total. Other salaries and wages came to $373k. At year end it held assets of $51k against liabilities of $0, net assets of $51k.