United Global Initiative Inc

Analysis

United Global Initiative Inc is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, United Global Initiative Inc reported income of $1.2m and spending of $1.9m, spending 161% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $165k to $1.2m (+601%), an average of +91% a year. The sharpest change came in the year to December 2021, when income rose by 1817%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, United Global Initiative Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Woodlands Community Lenders ($1.2m), City Fields ($1.2m) and Lowcountry Local First ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.