1040 Global

Analysis

1040 Global is a registered charity in United States, based in Powell, OH. It received its IRS tax-exemption ruling in March 2018, 8 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, 1040 Global reported income of $77k and spending of $94k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $107k to $77k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 112% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, 1040 Global sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within OH. Charities of a similar size with the same main cause include American Housing Foundation Inc ($77k), Bible Camps of Indiana ($77k) and Gospel Trick Shot Ministries Inc ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. At year end it held assets of $15k against liabilities of $836, net assets of $14k.