Global Impact Resources Incorporated
Global Impact Resources Incorporated consistently spends near its revenue, with no reported officer compensation.
EIN: 201662553 · Greenville, NC · NTEE: Q32 · Updated: 2026-03-28
Is Global Impact Resources Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Global Impact Resources Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Global Impact Resources Incorporated
Global Impact Resources Incorporated (EIN: 201662553) is a nonprofit organization based in Greenville, NC, classified under NTEE code Q32. The organization reported total revenue of $459K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Global Impact Resources Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Global Impact Resources Incorporated is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $467K |
| Total Expenses | $487K |
| Surplus / Deficit | $-20,220 |
| Total Assets | $32K |
| Total Liabilities | $269 |
| Net Assets | $32K |
| Operating Margin | -4.3% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 0.8 months |
Financial Health Grade: C
In 2023, Global Impact Resources Incorporated reported a deficit of $20K with expenses exceeding revenue, holds 0.8 months of operating reserves (limited), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Global Impact Resources Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.0% | -2.7% | -38.9% |
| 2022 | +1.8% | +2.5% | -7.9% |
| 2021 | +34.5% | +52.2% | +-0.0% |
| 2020 | +37.2% | +18.1% | +299.4% |
| 2019 | -17.9% | -16.7% | -28.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Impact Resources Incorporated with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Global Impact Resources Incorporated allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization or one with extremely low administrative overhead, which is highly favorable for donor trust and resource allocation.
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 Impact Resources Incorporated's IRS 990 filings:
- Frequent operating deficits (expenses exceeding revenue), as seen in 2023, 2022, and 2021.
- Declining asset base in recent years, from $57,647 in 2021 to $32,408 in 2023.
Strengths
The following positive indicators were identified for Global Impact Resources Incorporated:
- Consistent 0% officer compensation across all filings, indicating high administrative efficiency.
- Very low liabilities, typically under $2,000, demonstrating responsible financial management.
- Stable revenue streams over the past decade, generally ranging from $260k to $560k.
Frequently Asked Questions about Global Impact Resources Incorporated
Is Global Impact Resources Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Global Impact Resources Incorporated (EIN: 201662553) some concerns. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
How does Global Impact Resources Incorporated spend its money?
Global Impact Resources Incorporated directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Global Impact Resources Incorporated tax-deductible?
Global Impact Resources Incorporated is registered as a tax-exempt nonprofit (EIN: 201662553). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Global Impact Resources Incorporated financially sustainable given its recent operating deficits?
While the organization has frequently reported expenses exceeding revenue (e.g., $486,975 expenses vs. $466,755 revenue in 2023), its low liabilities and consistent revenue streams suggest it manages these deficits without accumulating significant debt. However, sustained deficits could erode its asset base over time.
How does the lack of officer compensation impact the organization's operations?
The consistent 0% officer compensation indicates a strong commitment to directing funds towards its mission, potentially relying on volunteer leadership or very modest salaries for key personnel. This is a significant positive for spending efficiency and donor confidence.
What is the trend in the organization's assets?
The organization's assets have fluctuated, peaking at $59,688 in 2015 and declining to $32,408 in 2023. This trend, coupled with recent operating deficits, suggests a gradual reduction in reserves.
Filing History
IRS 990 filing history for Global Impact Resources Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Global Impact Resources Incorporated's revenue has grown by 20.8%, moving from $386K to $467K. Total assets decreased by 29% over the same period, from $46K to $32K. Total functional expenses rose by 31.9%, from $369K to $487K. In its most recent filing year (2023), Global Impact Resources Incorporated reported a deficit of $20K, with expenses exceeding revenue. The organization holds $269 in liabilities against $32K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $32K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $467K | $487K | $32K | $269 | — | — |
| 2022 | $491K | $501K | $53K | $717 | — | — |
| 2021 | $483K | $488K | $58K | $1K | — | View 990 |
| 2020 | $359K | $321K | $58K | $398 | — | — |
| 2019 | $262K | $272K | $14K | $232 | — | View 990 |
| 2018 | $319K | $326K | $20K | $884 | — | View 990 |
| 2017 | $377K | $397K | $28K | $867 | — | View 990 |
| 2016 | $426K | $438K | $48K | $967 | — | View 990 |
| 2015 | $537K | $505K | $60K | $1K | — | View 990 |
| 2014 | $561K | $568K | $29K | $2K | — | View 990 |
| 2013 | $469K | $480K | $34K | $729 | — | View 990 |
| 2012 | $438K | $439K | $44K | $0 | — | View 990 |
| 2011 | $386K | $369K | $46K | $83 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $467K, expenses of $487K, and assets of $32K (revenue -5.0% year-over-year).
- 2022: Revenue of $491K, expenses of $501K, and assets of $53K (revenue +1.8% year-over-year).
- 2021: Revenue of $483K, expenses of $488K, and assets of $58K (revenue +34.5% year-over-year).
- 2020: Revenue of $359K, expenses of $321K, and assets of $58K (revenue +37.2% year-over-year).
- 2019: Revenue of $262K, expenses of $272K, and assets of $14K (revenue -17.9% year-over-year).
- 2018: Revenue of $319K, expenses of $326K, and assets of $20K (revenue -15.5% year-over-year).
- 2017: Revenue of $377K, expenses of $397K, and assets of $28K (revenue -11.5% year-over-year).
- 2016: Revenue of $426K, expenses of $438K, and assets of $48K (revenue -20.6% year-over-year).
- 2015: Revenue of $537K, expenses of $505K, and assets of $60K (revenue -4.3% year-over-year).
- 2014: Revenue of $561K, expenses of $568K, and assets of $29K (revenue +19.5% year-over-year).
- 2013: Revenue of $469K, expenses of $480K, and assets of $34K (revenue +7.2% year-over-year).
- 2012: Revenue of $438K, expenses of $439K, and assets of $44K (revenue +13.2% year-over-year).
- 2011: Revenue of $386K, expenses of $369K, and assets of $46K.
Data Sources and Methodology
This transparency report for Global Impact Resources Incorporated 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.