Global Impact Ministries Inc

Analysis

Global Impact Ministries Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Global Impact Ministries Inc reported income of $3.7m and spending of $3.8m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $879k to $3.7m (+322%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Global Impact Ministries Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Ohr Hatorah ($3.7m), Lighthouse Baptist Church ($3.7m) and International Christian Concern Inc ($3.7m).

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 $1.7m. At year end it held assets of $972k against liabilities of $126k, net assets of $846k. It reported 77 employees.