Global Genomic Medicine Collaborative

Analysis

Global Genomic Medicine Collaborative is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Genomic Medicine Collaborative reported income of $227k and spending of $1.2m, spending 522% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $329k to $227k (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2020, when income rose by 179%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Global Genomic Medicine Collaborative sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Speculator Volunteer Ambulance Corps Inc ($227k), Sisters Helping Each Other Inc ($227k) and Pulpit Harbor Foundation ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $280k against liabilities of $2,985, net assets of $277k.