Global Commerce Network
EIN: 330629280 · Colorado Spgs, CO · NTEE: X20Z
| Metric | Value |
|---|---|
| Total Revenue | $150K |
| Total Expenses | $124K |
| Net Assets | $117K |
Is Global Commerce Network Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Global Commerce Network
Global Commerce Network (EIN: 330629280) is a nonprofit organization based in Colorado Spgs, CO, classified under NTEE code X20Z. The organization reported total revenue of $150K and total assets of $164K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Global Commerce Network's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Global Commerce Network is a small nonprofit that has been operating for 29 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $68K |
| Total Expenses | $124K |
| Surplus / Deficit | $-56,111 |
| Total Assets | $117K |
| Net Assets | $117K |
| Operating Margin | -82.7% |
| Months of Reserves | 11.3 months |
Financial Health Grade: B
In 2023, Global Commerce Network reported a deficit of $56K with expenses exceeding revenue, holds 11.3 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), Global Commerce Network's revenue has declined at a compound annual growth rate (CAGR) of -12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.4% | +11.3% | -32.4% |
| 2022 | +82.1% | +19.6% | +83.9% |
| 2021 | +4.3% | +16.4% | +13.9% |
| 2020 | -15.1% | -15.6% | +32.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Global Commerce Network has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Global Commerce Network with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $56K, with expenses exceeding revenue.
Frequently Asked Questions about Global Commerce Network
Is Global Commerce Network a legitimate charity?
Global Commerce Network (EIN: 330629280) is a registered tax-exempt nonprofit based in Colorado. It has 5 years of IRS 990 filings on record. Total revenue: $150K. No red flags identified. Financial health grade: B.
How does Global Commerce Network spend its money?
Global Commerce Network reported $150K in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Global Commerce Network tax-deductible?
Global Commerce Network is registered as a tax-exempt nonprofit (EIN: 330629280). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Global Commerce Network located?
Global Commerce Network is headquartered in Colorado Spgs, Colorado and files with the IRS under EIN 330629280. It is classified under NTEE code X20Z.
How many years of IRS 990 filings does Global Commerce Network have?
Global Commerce Network has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $150K in total revenue.
Filing History
IRS 990 filing history for Global Commerce Network showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Global Commerce Network's revenue has declined by 42.5%, moving from $118K to $68K. Total assets increased by 87.7% over the same period, from $62K to $117K. Total functional expenses rose by 30.8%, from $95K to $124K. In its most recent filing year (2023), Global Commerce Network reported a deficit of $56K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $68K | $124K | $117K | $0 | — | View 990 |
| 2022 | $190K | $111K | $173K | $0 | — | View 990 |
| 2021 | $105K | $93K | $94K | $0 | — | View 990 |
| 2020 | $100K | $80K | $83K | $0 | — | View 990 |
| 2019 | $118K | $95K | $62K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $68K, expenses of $124K, and assets of $117K (revenue -64.4% year-over-year).
- 2022: Revenue of $190K, expenses of $111K, and assets of $173K (revenue +82.1% year-over-year).
- 2021: Revenue of $105K, expenses of $93K, and assets of $94K (revenue +4.3% year-over-year).
- 2020: Revenue of $100K, expenses of $80K, and assets of $83K (revenue -15.1% year-over-year).
- 2019: Revenue of $118K, expenses of $95K, and assets of $62K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Global Commerce Network:
Data Sources and Methodology
This transparency report for Global Commerce Network is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.