Global Cultural Initiative

Analysis

Global Cultural Initiative is a registered charity in United States, based in Northridge, CA. It received its IRS tax-exemption ruling in July 2022, 4 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, Global Cultural Initiative reported income of $50k and spending of $61k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $50k (-50%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 63% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Global Cultural Initiative sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within CA. Charities of a similar size with the same main cause include Dream Weaver Alliance ($50k), Heart of God Missions Inc ($50k) and American Friends of the Taxpayers Alliance Inc ($50k).

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 $55k against liabilities of $0, net assets of $55k.