Global Source For Education And Economic Development Strategies
Global Source For Education And Economic Development Strategies maintains stable operations with no officer compensation, but faces occasional deficits.
EIN: 203334616 · Knoxville, TN · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $224K |
| Total Expenses | $236K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $223,702 |
| Net Assets | $43K |
| Transparency Score | 85/100 |
Is Global Source For Education And Economic Development Strategies Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Global Source For Education And Economic Development Strategies directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Global Source For Education And Economic Development Strategies
Global Source For Education And Economic Development Strategies (EIN: 203334616) is a nonprofit organization based in Knoxville, TN, classified under NTEE code Q33. The organization reported total revenue of $224K and total assets of $43K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Global Source For Education And Economic Development Strategies's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Global Source For Education And Economic Development Strategies is a small nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -6.4%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $224K |
| Total Expenses | $236K |
| Surplus / Deficit | $-12,371 |
| Total Assets | $43K |
| Net Assets | $43K |
| Operating Margin | -5.5% |
| Months of Reserves | 2.2 months |
Financial Health Grade: C
In 2021, Global Source For Education And Economic Development Strategies reported a deficit of $12K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited).
Financial Trends
Over 11 years of filings (2011–2021), Global Source For Education And Economic Development Strategies's revenue has declined at a compound annual growth rate (CAGR) of -6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +12.7% | +42.4% | -22.4% |
| 2020 | +5.1% | -13.4% | +146.7% |
| 2019 | -0.9% | +0.8% | -9.8% |
| 2018 | -5.2% | -6.4% | +3.0% |
| 2017 | -16.5% | -13.0% | -7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Source For Education And Economic Development Strategies with a Mission Score of 85 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 Source For Education And Economic Development Strategies 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that officers are either unpaid or compensated through non-officer classifications, which is highly favorable for a nonprofit of its size ($223,702 latest revenue).
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 Source For Education And Economic Development Strategies's IRS 990 filings:
- Occasional operational deficits (e.g., 2021 expenses $236,073 vs. revenue $223,702)
- Significant decline in revenue from peak years (e.g., $572,206 in 2013 to $223,702 in 2021)
Strengths
The following positive indicators were identified for Global Source For Education And Economic Development Strategies:
- Consistent 0% officer compensation reported across all filings
- Zero liabilities in recent years, indicating strong financial solvency
- Stable asset base relative to revenue in recent years
- Long history of IRS 990 filings (11 filings), indicating transparency and compliance
Frequently Asked Questions about Global Source For Education And Economic Development Strategies
Is Global Source For Education And Economic Development Strategies a legitimate charity?
Global Source For Education And Economic Development Strategies (EIN: 203334616) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $224K. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Global Source For Education And Economic Development Strategies spend its money?
Global Source For Education And Economic Development Strategies directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Global Source For Education And Economic Development Strategies tax-deductible?
Global Source For Education And Economic Development Strategies is registered as a tax-exempt nonprofit (EIN: 203334616). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Global Source For Education And Economic Development Strategies CEO make?
Global Source For Education And Economic Development Strategies's highest-compensated officer earns $223,702 annually. The organization reported $224K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Global Source For Education And Economic Development Strategies's spending goes to programs?
Global Source For Education And Economic Development Strategies directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Global Source For Education And Economic Development Strategies compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Global Source For Education And Economic Development Strategies is above average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Global Source For Education And Economic Development Strategies located?
Global Source For Education And Economic Development Strategies is headquartered in Knoxville, Tennessee and files with the IRS under EIN 203334616. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Global Source For Education And Economic Development Strategies have?
Global Source For Education And Economic Development Strategies has 11 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 $224K in total revenue.
Is Global Source For Education And Economic Development Strategies a good charity?
Based on the available data, the organization appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, suggesting a strong commitment to directing funds towards its mission. However, potential donors might want to inquire about the specific breakdown of program vs. administrative expenses, as this data is not explicitly provided.
How has the organization's revenue trended over time?
The organization's revenue has shown a downward trend from a peak of $572,206 in 2013 to $223,702 in 2021, though it has stabilized around the $200,000 mark in recent years.
Does the organization have any debt?
No, the organization reported $0 in liabilities in its latest filing (2021) and in most recent years, indicating a healthy financial position in terms of debt.
Filing History
IRS 990 filing history for Global Source For Education And Economic Development Strategies showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Global Source For Education And Economic Development Strategies's revenue has declined by 48.2%, moving from $432K to $224K. Total assets increased by 1861.9% over the same period, from $2K to $43K. Total functional expenses fell by 45.2%, from $431K to $236K. In its most recent filing year (2021), Global Source For Education And Economic Development Strategies reported a deficit of $12K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $224K | $236K | $43K | $0 | — | View 990 |
| 2020 | $199K | $166K | $55K | $0 | — | — |
| 2019 | $189K | $191K | $22K | $0 | — | View 990 |
| 2018 | $191K | $190K | $25K | $0 | — | View 990 |
| 2017 | $201K | $203K | $24K | $0 | — | View 990 |
| 2016 | $241K | $233K | $26K | $0 | — | View 990 |
| 2015 | $417K | $488K | $19K | $0 | — | View 990 |
| 2014 | $568K | $526K | $0 | $0 | — | View 990 |
| 2013 | $572K | $572K | $23K | $23K | — | View 990 |
| 2012 | $453K | $360K | $95K | $95K | — | View 990 |
| 2011 | $432K | $431K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $224K, expenses of $236K, and assets of $43K (revenue +12.7% year-over-year).
- 2020: Revenue of $199K, expenses of $166K, and assets of $55K (revenue +5.1% year-over-year).
- 2019: Revenue of $189K, expenses of $191K, and assets of $22K (revenue -0.9% year-over-year).
- 2018: Revenue of $191K, expenses of $190K, and assets of $25K (revenue -5.2% year-over-year).
- 2017: Revenue of $201K, expenses of $203K, and assets of $24K (revenue -16.5% year-over-year).
- 2016: Revenue of $241K, expenses of $233K, and assets of $26K (revenue -42.2% year-over-year).
- 2015: Revenue of $417K, expenses of $488K, and assets of $19K (revenue -26.7% year-over-year).
- 2014: Revenue of $568K, expenses of $526K, and assets of $0 (revenue -0.7% year-over-year).
- 2013: Revenue of $572K, expenses of $572K, and assets of $23K (revenue +26.2% year-over-year).
- 2012: Revenue of $453K, expenses of $360K, and assets of $95K (revenue +4.9% year-over-year).
- 2011: Revenue of $432K, expenses of $431K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Global Source For Education And Economic Development Strategies:
Data Sources and Methodology
This transparency report for Global Source For Education And Economic Development Strategies 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.