Globeworks International Inc
EIN: 631235001 · Birmingham, AL · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $966K |
| Net Assets | $625K |
Is Globeworks International Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Globeworks International Inc
Globeworks International Inc (EIN: 631235001) is a nonprofit organization based in Birmingham, AL, classified under NTEE code X20. The organization reported total revenue of $1.3M and total assets of $878K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Globeworks International Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Globeworks International Inc is a mid-size nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $923K |
| Total Expenses | $966K |
| Surplus / Deficit | $-42,738 |
| Total Assets | $625K |
| Net Assets | $625K |
| Operating Margin | -4.6% |
| Months of Reserves | 7.8 months |
Financial Health Grade: B
In 2023, Globeworks International Inc reported a deficit of $43K with expenses exceeding revenue, holds 7.8 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Globeworks International Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.0% | -4.3% | -6.4% |
| 2022 | +32.4% | +26.2% | +55.1% |
| 2021 | +24.5% | +22.3% | +49.3% |
| 2020 | -3.0% | -18.4% | +55.1% |
| 2019 | +24.6% | +18.1% | -10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Globeworks International Inc 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 Globeworks International Inc 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 $43K, with expenses exceeding revenue.
Frequently Asked Questions about Globeworks International Inc
Is Globeworks International Inc a legitimate charity?
Globeworks International Inc (EIN: 631235001) is a registered tax-exempt nonprofit based in Alabama. It has 14 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: B.
How does Globeworks International Inc spend its money?
Globeworks International Inc reported $1.3M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Globeworks International Inc tax-deductible?
Globeworks International Inc is registered as a tax-exempt nonprofit (EIN: 631235001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Globeworks International Inc located?
Globeworks International Inc is headquartered in Birmingham, Alabama and files with the IRS under EIN 631235001. It is classified under NTEE code X20.
How many years of IRS 990 filings does Globeworks International Inc have?
Globeworks International Inc has 14 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for Globeworks International Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Globeworks International Inc's revenue has grown by 106.5%, moving from $447K to $923K. Total assets increased by 490.4% over the same period, from $106K to $625K. Total functional expenses rose by 185.6%, from $338K to $966K. In its most recent filing year (2023), Globeworks International Inc reported a deficit of $43K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $923K | $966K | $625K | $0 | — | — |
| 2022 | $1.2M | $1.0M | $667K | $0 | — | View 990 |
| 2021 | $942K | $800K | $430K | $0 | — | View 990 |
| 2020 | $756K | $654K | $288K | $0 | — | View 990 |
| 2019 | $780K | $801K | $186K | $0 | — | View 990 |
| 2018 | $626K | $678K | $207K | $0 | — | View 990 |
| 2017 | $563K | $547K | $259K | $0 | — | View 990 |
| 2016 | $447K | $475K | $242K | $0 | — | View 990 |
| 2015 | $454K | $421K | $270K | $0 | — | View 990 |
| 2014 | $452K | $382K | $237K | $0 | — | View 990 |
| 2013 | $388K | $319K | $167K | $0 | — | View 990 |
| 2012 | $331K | $345K | $99K | $0 | — | View 990 |
| 2011 | $312K | $305K | $113K | $0 | — | View 990 |
| 2010 | $447K | $338K | $106K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $923K, expenses of $966K, and assets of $625K (revenue -26.0% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.0M, and assets of $667K (revenue +32.4% year-over-year).
- 2021: Revenue of $942K, expenses of $800K, and assets of $430K (revenue +24.5% year-over-year).
- 2020: Revenue of $756K, expenses of $654K, and assets of $288K (revenue -3.0% year-over-year).
- 2019: Revenue of $780K, expenses of $801K, and assets of $186K (revenue +24.6% year-over-year).
- 2018: Revenue of $626K, expenses of $678K, and assets of $207K (revenue +11.2% year-over-year).
- 2017: Revenue of $563K, expenses of $547K, and assets of $259K (revenue +26.0% year-over-year).
- 2016: Revenue of $447K, expenses of $475K, and assets of $242K (revenue -1.4% year-over-year).
- 2015: Revenue of $454K, expenses of $421K, and assets of $270K (revenue +0.4% year-over-year).
- 2014: Revenue of $452K, expenses of $382K, and assets of $237K (revenue +16.6% year-over-year).
- 2013: Revenue of $388K, expenses of $319K, and assets of $167K (revenue +17.2% year-over-year).
- 2012: Revenue of $331K, expenses of $345K, and assets of $99K (revenue +5.9% year-over-year).
- 2011: Revenue of $312K, expenses of $305K, and assets of $113K (revenue -30.1% year-over-year).
- 2010: Revenue of $447K, expenses of $338K, and assets of $106K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Globeworks International Inc:
Data Sources and Methodology
This transparency report for Globeworks International 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.