Globous Relief Fund

Analysis

Globous Relief Fund is a registered charity in United States, based in S Salt Lake, UT. It received its IRS tax-exemption ruling in May 1998, 28 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, Globous Relief Fund reported income of $11.2m and spending of $22.2m, spending 198% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $62.2m to $11.2m (-82%), an average of -35% a year. The sharpest change came in the year to December 2022, when income dropped by 63%. Over the whole period it spent 105% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Globous Relief Fund sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within UT. Charities of a similar size with the same main cause include Nascent Solutions Inc ($11.2m), Endeavor Global Inc ($11.2m) and Jerusalem Foundation Inc ($11.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $111k (0.5% of expenses). Other salaries and wages came to $944k. It paid $22k in professional fundraising fees. At year end it held assets of $8.0m against liabilities of $697k, net assets of $7.3m. It reported 31 employees.