Globus Cares
EIN: 264835245 · West Norriton, PA · NTEE: T50
| Metric | Value |
|---|---|
| Total Revenue | $572K |
| Total Expenses | $662K |
| Net Assets | $381K |
Is Globus Cares Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Globus Cares
Globus Cares (EIN: 264835245) is a nonprofit organization based in West Norriton, PA, classified under NTEE code T50. The organization reported total revenue of $572K and total assets of $294K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Globus Cares's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Globus Cares is a small nonprofit that has been operating for 15 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $708K |
| Total Expenses | $662K |
| Surplus / Deficit | +$46K |
| Total Assets | $428K |
| Total Liabilities | $46K |
| Net Assets | $381K |
| Operating Margin | 6.5% |
| Debt-to-Asset Ratio | 10.9% |
| Months of Reserves | 7.8 months |
Financial Health Grade: A
In 2023, Globus Cares reported a surplus of $46K with revenue exceeding expenses, holds 7.8 months of operating reserves (strong position), has a debt-to-asset ratio of 10.9% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Globus Cares's revenue has declined at a compound annual growth rate (CAGR) of -10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.3% | -53.4% | -49.7% |
| 2022 | +58.1% | +69.2% | +7.0% |
| 2021 | -22.0% | -20.6% | -7.6% |
| 2020 | -25.9% | -34.7% | -11.7% |
| 2019 | -44.8% | -31.4% | -36.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Globus Cares 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 Globus Cares 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 surplus of $46K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.9%.
Frequently Asked Questions about Globus Cares
Is Globus Cares a legitimate charity?
Based on AI analysis of IRS 990 filings, Globus Cares (EIN: 264835245) insufficient data. 0 red flags identified, 0 strengths noted.
How does Globus Cares spend its money?
Detailed spending breakdown data is not yet available for Globus Cares. Check back for updated IRS 990 analysis.
Are donations to Globus Cares tax-deductible?
Globus Cares is registered as a tax-exempt nonprofit (EIN: 264835245). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Globus Cares located?
Globus Cares is headquartered in West Norriton, Pennsylvania and files with the IRS under EIN 264835245. It is classified under NTEE code T50.
How many years of IRS 990 filings does Globus Cares have?
Globus Cares has 10 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 $572K in total revenue.
Filing History
IRS 990 filing history for Globus Cares showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Globus Cares's revenue has declined by 72.8%, moving from $2.6M to $708K. Total assets decreased by 48.5% over the same period, from $832K to $428K. Total functional expenses fell by 70.9%, from $2.3M to $662K. In its most recent filing year (2023), Globus Cares reported a surplus of $46K, with revenue exceeding expenses. The organization holds $46K in liabilities against $428K in assets (debt-to-asset ratio: 10.9%), resulting in net assets of $381K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $708K | $662K | $428K | $46K | — | — |
| 2022 | $1.2M | $1.4M | $851K | $516K | — | View 990 |
| 2021 | $776K | $840K | $796K | $267K | — | View 990 |
| 2020 | $996K | $1.1M | $861K | $268K | — | View 990 |
| 2019 | $1.3M | $1.6M | $975K | $320K | — | View 990 |
| 2015 | $2.4M | $2.4M | $1.5M | $45K | — | View 990 |
| 2014 | $2.4M | $2.2M | $1.5M | $32K | — | View 990 |
| 2013 | $2.4M | $2.4M | $1.2M | $31K | — | View 990 |
| 2012 | $2.6M | $2.1M | $1.3M | $18K | — | View 990 |
| 2011 | $2.6M | $2.3M | $832K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $708K, expenses of $662K, and assets of $428K (revenue -42.3% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.4M, and assets of $851K (revenue +58.1% year-over-year).
- 2021: Revenue of $776K, expenses of $840K, and assets of $796K (revenue -22.0% year-over-year).
- 2020: Revenue of $996K, expenses of $1.1M, and assets of $861K (revenue -25.9% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.6M, and assets of $975K (revenue -44.8% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.4M, and assets of $1.5M (revenue +1.9% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.2M, and assets of $1.5M (revenue +0.9% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.4M, and assets of $1.2M (revenue -7.7% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.1M, and assets of $1.3M (revenue -1.4% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.3M, and assets of $832K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Globus Cares:
Data Sources and Methodology
This transparency report for Globus Cares 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.