House of Globalization Inc

Analysis

House of Globalization Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, House of Globalization Inc reported income of $329k and spending of $283k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $206k to $329k (+59%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, House of Globalization Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within GA. Charities of a similar size with the same main cause include Fundacion Creemos En Ti Corp ($329k), Progressive Eldercare Services Cross Inc ($329k) and Sickle Cell Association of South Louisiana Inc ($329k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (22% of expenses). Other salaries and wages came to $60k. At year end it held assets of $28k against liabilities of $257k, net assets of -$228k. It reported 9 employees.