Global Invertebrate Genomics Alliance Inc

Analysis

Global Invertebrate Genomics Alliance Inc is a registered charity in United States, based in Dania Beach, FL. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Global Invertebrate Genomics Alliance Inc reported income of $66k and spending of $14k, leaving 79% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1,862 to $66k (+3461%), an average of +3461% a year. The sharpest change came in the year to December 2023, when income rose by 3461%. Over the whole period it spent 21% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Global Invertebrate Genomics Alliance Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 30th percentile within FL. Charities of a similar size with the same main cause include Nwa History Centre Inc ($66k), Hopewell Museum ($66k) and Ohio Basketball Museum Foundation ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.