Globsec US Foundation

Analysis

Globsec US Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Globsec US Foundation reported income of $400k and spending of $394k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $400k (+300%), an average of +300% a year. The sharpest change came in the year to December 2023, when income rose by 300%. Over the whole period it spent 92% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Globsec US Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 40th percentile within DC. Charities of a similar size with the same main cause include Umana Foundation ($400k), Brighter Children Inc ($400k) and Gimmel Foundation Inc ($400k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $230k in professional fundraising fees. At year end it held assets of $39k against liabilities of $0, net assets of $39k.