McGowan Global Institute

Analysis

McGowan Global Institute is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, McGowan Global Institute reported income of $752k and spending of $658k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.2m to $752k (-35%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 72% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, McGowan Global Institute sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Vietnamese Buddhism Study Temple in America ($752k), Vision Ministry Inc ($752k) and House of Faith-San Angelo ($751k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $258k (39% of expenses). At year end it held assets of $725k against liabilities of $12k, net assets of $713k. It reported 1 employees.