I58 Global

Analysis

I58 Global is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in February 2018, 8 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 2023, I58 Global reported income of $1.5m and spending of $1.3m, spending 89% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $500k to $1.5m (+199%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, I58 Global sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include City of Refuge Baltimore Inc ($1.5m), Shalom Farms ($1.5m) and L E a D Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $159k (12% of expenses). Other salaries and wages came to $244k. At year end it held assets of $1.3m against liabilities of $111k, net assets of $1.2m. It reported 3 employees.