Blumont Global Development Inc

Analysis

Blumont Global Development Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Blumont Global Development Inc reported income of $59.3m and spending of $59.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $38.5m to $59.3m (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Blumont Global Development Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Ipas ($59.3m), International Fertilizer Development Center ($60.3m) and Digital Promise Global ($58.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $5.9m. At year end it held assets of $7.5m against liabilities of $9.6m, net assets of -$2.1m. It reported 7 employees.