Global Solidarity Fund
EIN: 831078006 · Washington, DC · NTEE: Q42
| Metric | Value |
|---|---|
| Total Revenue | $69K |
| Total Expenses | $2.8M |
| Net Assets | $4.2M |
Is Global Solidarity Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Global Solidarity Fund
Global Solidarity Fund (EIN: 831078006) is a nonprofit organization based in Washington, DC, classified under NTEE code Q42. The organization reported total revenue of $69K and total assets of $550K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Global Solidarity Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Global Solidarity Fund is a micro nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -37.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $413K |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-2,407,762 |
| Total Assets | $4.7M |
| Total Liabilities | $481K |
| Net Assets | $4.2M |
| Operating Margin | -582.6% |
| Debt-to-Asset Ratio | 10.3% |
| Months of Reserves | 19.8 months |
Financial Health Grade: B
In 2023, Global Solidarity Fund reported a deficit of $2.4M with expenses exceeding revenue, holds 19.8 months of operating reserves (strong position), has a debt-to-asset ratio of 10.3% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Global Solidarity Fund's revenue has declined at a compound annual growth rate (CAGR) of -37.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -89.4% | -62.8% | -43.6% |
| 2022 | -69.0% | +93.8% | -36.2% |
| 2021 | +179.3% | -40.7% | +156.7% |
| 2020 | +185.8% | +533.8% | +5.0% |
| 2019 | -64.3% | +279.3% | +15.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Global Solidarity Fund 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 Solidarity Fund 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 $2.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.3%.
Frequently Asked Questions about Global Solidarity Fund
Is Global Solidarity Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Global Solidarity Fund (EIN: 831078006) insufficient data. 0 red flags identified, 0 strengths noted.
How does Global Solidarity Fund spend its money?
Detailed spending breakdown data is not yet available for Global Solidarity Fund. Check back for updated IRS 990 analysis.
Are donations to Global Solidarity Fund tax-deductible?
Global Solidarity Fund is registered as a tax-exempt nonprofit (EIN: 831078006). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Global Solidarity Fund located?
Global Solidarity Fund is headquartered in Washington, Washington DC and files with the IRS under EIN 831078006. It is classified under NTEE code Q42.
How many years of IRS 990 filings does Global Solidarity Fund have?
Global Solidarity Fund has 6 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 $69K in total revenue.
Filing History
IRS 990 filing history for Global Solidarity Fund showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Global Solidarity Fund's revenue has declined by 90.7%, moving from $4.4M to $413K. Total assets increased by 12.1% over the same period, from $4.2M to $4.7M. Total functional expenses rose by 926.6%, from $275K to $2.8M. In its most recent filing year (2023), Global Solidarity Fund reported a deficit of $2.4M, with expenses exceeding revenue. The organization holds $481K in liabilities against $4.7M in assets (debt-to-asset ratio: 10.3%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $413K | $2.8M | $4.7M | $481K | — | — |
| 2022 | $3.9M | $7.6M | $8.3M | $1.0M | — | View 990 |
| 2021 | $12.6M | $3.9M | $13.0M | $1.6M | — | View 990 |
| 2020 | $4.5M | $6.6M | $5.0M | $2.4M | — | — |
| 2019 | $1.6M | $1.0M | $4.8M | $112K | — | View 990 |
| 2018 | $4.4M | $275K | $4.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $413K, expenses of $2.8M, and assets of $4.7M (revenue -89.4% year-over-year).
- 2022: Revenue of $3.9M, expenses of $7.6M, and assets of $8.3M (revenue -69.0% year-over-year).
- 2021: Revenue of $12.6M, expenses of $3.9M, and assets of $13.0M (revenue +179.3% year-over-year).
- 2020: Revenue of $4.5M, expenses of $6.6M, and assets of $5.0M (revenue +185.8% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.0M, and assets of $4.8M (revenue -64.3% year-over-year).
- 2018: Revenue of $4.4M, expenses of $275K, and assets of $4.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Global Solidarity Fund:
Data Sources and Methodology
This transparency report for Global Solidarity Fund 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.