Global Developers Network Inc
Global Developers Network Inc. faces declining revenue and operating deficits in recent years, despite zero officer compensation.
EIN: 20811643 · Boone, NC · NTEE: X02 · Updated: 2026-03-28
Is Global Developers Network Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Global Developers Network Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Global Developers Network Inc
Global Developers Network Inc (EIN: 20811643) is a nonprofit organization based in Boone, NC, classified under NTEE code X02. The organization reported total revenue of $811K and total assets of $334K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Global Developers Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Global Developers Network Inc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $817K |
| Total Expenses | $854K |
| Surplus / Deficit | $-37,552 |
| Total Assets | $337K |
| Total Liabilities | $12K |
| Net Assets | $325K |
| Operating Margin | -4.6% |
| Debt-to-Asset Ratio | 3.5% |
| Months of Reserves | 4.7 months |
Financial Health Grade: B
In 2023, Global Developers Network Inc reported a deficit of $38K with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 3.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Global Developers Network Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.7% | -23.0% | -7.4% |
| 2022 | -11.7% | -1.4% | -31.6% |
| 2021 | -11.3% | -0.4% | -5.9% |
| 2020 | +7.8% | -2.8% | +19.1% |
| 2019 | +1.5% | +8.7% | -13.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2710 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Global Developers Network Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Global Developers Network Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $38K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization with revenues exceeding $800,000 and suggests a volunteer-driven leadership or that compensation is covered by another entity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Global Developers Network Inc's IRS 990 filings:
- Consistent operating deficits in the last two reported periods (2022 and 2023), with expenses exceeding revenue.
- Significant decline in revenue from $1,221,417 in 2020 to $816,906 in 2023, indicating potential funding challenges.
- Decrease in total assets from $565,833 in 2020 to $337,326 in 2023, suggesting assets are being used to cover deficits.
Strengths
The following positive indicators were identified for Global Developers Network Inc:
- Zero reported officer compensation across all 13 filings, indicating a highly lean or volunteer-led executive structure.
- Long and consistent filing history (13 filings), demonstrating a commitment to transparency and regulatory compliance.
- Relatively low liabilities, particularly in earlier years, suggesting good financial management in that area.
Frequently Asked Questions about Global Developers Network Inc
Is Global Developers Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Global Developers Network Inc (EIN: 20811643) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Global Developers Network Inc spend its money?
Global Developers Network Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Global Developers Network Inc tax-deductible?
Global Developers Network Inc is registered as a tax-exempt nonprofit (EIN: 20811643). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why has Global Developers Network Inc.'s revenue declined significantly since 2020?
The organization's revenue decreased from $1,221,417 in 2020 to $816,906 in 2023, a drop of over $400,000. Understanding the cause of this decline is crucial for assessing future financial stability.
How does Global Developers Network Inc. cover its operating deficits?
In 2023, expenses ($854,458) exceeded revenue ($816,906), and similarly in 2022, expenses ($1,109,946) exceeded revenue ($957,557). This suggests the organization is either drawing down assets or relying on prior year surpluses to cover current year shortfalls.
What is the specific breakdown of program, administrative, and fundraising expenses?
While the overall expenses are provided, a detailed breakdown of how funds are allocated to programs versus administrative and fundraising costs would offer greater insight into spending efficiency.
Filing History
IRS 990 filing history for Global Developers Network Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Global Developers Network Inc's revenue has grown by 127.4%, moving from $359K to $817K. Total assets increased by 198.7% over the same period, from $113K to $337K. Total functional expenses rose by 123%, from $383K to $854K. In its most recent filing year (2023), Global Developers Network Inc reported a deficit of $38K, with expenses exceeding revenue. The organization holds $12K in liabilities against $337K in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $325K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $817K | $854K | $337K | $12K | — | View 990 |
| 2022 | $958K | $1.1M | $364K | $2K | — | — |
| 2021 | $1.1M | $1.1M | $533K | $17K | — | View 990 |
| 2020 | $1.2M | $1.1M | $566K | $9K | — | View 990 |
| 2019 | $1.1M | $1.2M | $475K | $9K | — | View 990 |
| 2018 | $1.1M | $1.1M | $549K | $54K | — | View 990 |
| 2017 | $1.1M | $1.2M | $454K | $4K | — | View 990 |
| 2016 | $1.0M | $1.0M | $562K | $0 | — | View 990 |
| 2015 | $803K | $791K | $501K | $0 | — | View 990 |
| 2014 | $527K | $500K | $290K | $0 | — | View 990 |
| 2013 | $574K | $428K | $263K | $0 | — | View 990 |
| 2012 | $343K | $339K | $117K | $0 | — | View 990 |
| 2011 | $359K | $383K | $113K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $817K, expenses of $854K, and assets of $337K (revenue -14.7% year-over-year).
- 2022: Revenue of $958K, expenses of $1.1M, and assets of $364K (revenue -11.7% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.1M, and assets of $533K (revenue -11.3% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $566K (revenue +7.8% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $475K (revenue +1.5% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $549K (revenue +0.1% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.2M, and assets of $454K (revenue +7.4% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.0M, and assets of $562K (revenue +29.1% year-over-year).
- 2015: Revenue of $803K, expenses of $791K, and assets of $501K (revenue +52.6% year-over-year).
- 2014: Revenue of $527K, expenses of $500K, and assets of $290K (revenue -8.3% year-over-year).
- 2013: Revenue of $574K, expenses of $428K, and assets of $263K (revenue +67.6% year-over-year).
- 2012: Revenue of $343K, expenses of $339K, and assets of $117K (revenue -4.7% year-over-year).
- 2011: Revenue of $359K, expenses of $383K, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Global Developers Network Inc:
Data Sources and Methodology
This transparency report for Global Developers Network Inc 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.