Global Solidarity Fund

Analysis

Global Solidarity Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Solidarity Fund reported income of $413k and spending of $2.8m, spending 683% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $413k (-74%), an average of -28% a year. The sharpest change came in the year to December 2020, when income rose by 186%. Over the whole period it spent 95% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Global Solidarity Fund sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 40th percentile within DC. Charities of a similar size with the same main cause include Kota Alliance Inc ($413k), Sarim Burney Welfare Trust International Inc ($413k) and Hope International Ministry Inc ($413k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $136k (4.8% of expenses). Other salaries and wages came to $847k. It paid $158k in professional fundraising fees. At year end it held assets of $4.7m against liabilities of $481k, net assets of $4.2m.