Global Mentorship Initiative

Analysis

Global Mentorship Initiative is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Mentorship Initiative reported income of $496k and spending of $473k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $228k to $496k (+118%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Global Mentorship Initiative 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 70th percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include Congregations Organized for a New Connecticut Inc ($495k), Stepping Stones Ministry Inc ($496k) and San Antonio Community Development Council Inc ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $216k. At year end it held assets of $116k against liabilities of $5,767, net assets of $110k.