US Global Impact Corporation

Analysis

US Global Impact Corporation is a registered charity in United States, based in Mountain LKS, NJ. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, US Global Impact Corporation reported income of $115k and spending of $135k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $115k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, US Global Impact Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include STEM Atlanta Women ($115k), Career College Collaborative ($115k) and Hoover City Schools Foundation Inc ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.