CMG Global Foundation Corp

Analysis

CMG Global Foundation Corp is a registered charity in United States, based in Riverdale, GA. It received its IRS tax-exemption ruling in June 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, CMG Global Foundation Corp reported income of $77k and spending of $53k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1,500 to $77k (+5033%), an average of +616% a year. The sharpest change came in the year to December 2023, when income rose by 999%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, CMG Global Foundation Corp sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within GA. Charities of a similar size with the same main cause include Church Street Commomn Inc ($77k), Bluebirds Hope Inc ($77k) and Maid to Serve Ministry Inc ($77k).

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 $25k against liabilities of $0, net assets of $25k.