The Global Development Incubator Inc
The Global Development Incubator Inc shows fluctuating revenues and expenses, with no reported officer compensation.
EIN: 141945286 · Washington, DC · NTEE: Q32 · Updated: 2026-03-28
Is The Global Development Incubator Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Global Development Incubator Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Global Development Incubator Inc
The Global Development Incubator Inc (EIN: 141945286) is a nonprofit organization based in Washington, DC, classified under NTEE code Q32. The organization reported total revenue of $21.5M and total assets of $16.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Global Development Incubator Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Global Development Incubator Inc is a large nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 49.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.0M |
| Total Expenses | $18.6M |
| Surplus / Deficit | $-1,664,473 |
| Total Assets | $17.1M |
| Total Liabilities | $6.1M |
| Net Assets | $11.0M |
| Operating Margin | -9.8% |
| Debt-to-Asset Ratio | 35.4% |
| Months of Reserves | 11.0 months |
Financial Health Grade: B
In 2023, The Global Development Incubator Inc reported a deficit of $1.7M with expenses exceeding revenue, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 35.4% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), The Global Development Incubator Inc's revenue has grown at a compound annual growth rate (CAGR) of 49.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.9% | +32.7% | -26.8% |
| 2022 | +61.5% | +21.9% | +21.5% |
| 2021 | -6.6% | -20.6% | +48.5% |
| 2020 | -6.6% | -4.5% | +10.2% |
| 2019 | -25.9% | +43.9% | -10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 The Global Development Incubator Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, The Global Development Incubator Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 35.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with annual revenues often exceeding $10 million, suggesting either a volunteer leadership model or compensation being covered by other entities, which warrants further investigation for complete transparency.
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 The Global Development Incubator Inc's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size, which is highly unusual and may obscure the true cost of leadership if compensated by other means.
- Significant fluctuations in revenue and expenses, leading to deficits in some years (e.g., 2023 expenses exceeded revenue by over $1.6 million), which could impact long-term financial stability if not managed effectively.
- Substantial increase in liabilities in 2021 and 2022, reaching over $12 million and $10 million respectively, which warrants further investigation into their nature and repayment plans.
Strengths
The following positive indicators were identified for The Global Development Incubator Inc:
- Strong program focus implied by 0% officer compensation, suggesting resources are directed towards mission-related activities.
- Healthy asset base, consistently exceeding liabilities in most periods, indicating financial solvency (e.g., $17,090,052 in assets vs. $6,050,012 in liabilities in 2023).
- Significant growth in revenue over the past decade, from $1,212,792 in 2014 to over $21 million currently, demonstrating successful fundraising and program expansion.
Frequently Asked Questions about The Global Development Incubator Inc
Is The Global Development Incubator Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Global Development Incubator Inc (EIN: 141945286) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does The Global Development Incubator Inc spend its money?
The Global Development Incubator Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Global Development Incubator Inc tax-deductible?
The Global Development Incubator Inc is registered as a tax-exempt nonprofit (EIN: 141945286). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Global Development Incubator Inc sustain its operations without officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It suggests either a volunteer leadership model, or that executive compensation is covered by a related entity or through other means not reported on the 990, which would require further clarification to fully understand the financial structure.
What caused the significant increase in liabilities in 2021 and 2022?
Liabilities increased from $6,592,352 in 2020 to $12,172,409 in 2021 and $10,628,805 in 2022. This substantial rise could be due to increased project funding requiring upfront liabilities, new debt, or deferred revenue, and would warrant a deeper dive into the specific line items of the 990 to understand the nature of these obligations.
Is the organization's revenue growth sustainable given the expense fluctuations?
The organization has experienced significant revenue fluctuations, from $1,212,792 in 2014 to $21,516,058 (latest reported) and expenses that sometimes exceed revenue (e.g., 2023). While growth is evident, the variability suggests a project-based funding model. Sustainability depends on their ability to consistently secure new grants and manage project costs effectively to avoid prolonged deficits.
Filing History
IRS 990 filing history for The Global Development Incubator Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), The Global Development Incubator Inc's revenue has grown by 12037.3%, moving from $140K to $17.0M. Total assets increased by 13561.1% over the same period, from $125K to $17.1M. Total functional expenses rose by 114267.8%, from $16K to $18.6M. In its most recent filing year (2023), The Global Development Incubator Inc reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $6.1M in liabilities against $17.1M in assets (debt-to-asset ratio: 35.4%), resulting in net assets of $11.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17.0M | $18.6M | $17.1M | $6.1M | — | — |
| 2022 | $19.7M | $14.1M | $23.3M | $10.6M | — | View 990 |
| 2021 | $12.2M | $11.5M | $19.2M | $12.2M | — | View 990 |
| 2020 | $13.1M | $14.5M | $12.9M | $6.6M | — | View 990 |
| 2019 | $14.0M | $15.2M | $11.7M | $3.5M | — | View 990 |
| 2018 | $18.9M | $10.6M | $13.2M | $3.7M | — | View 990 |
| 2017 | $6.3M | $6.4M | $4.5M | $3.3M | — | View 990 |
| 2015 | $9.2M | $6.1M | $4.3M | $1.2M | — | View 990 |
| 2014 | $1.2M | $1.6M | $105K | $116K | — | View 990 |
| 2013 | $1.4M | $1.0M | $778K | $421K | — | View 990 |
| 2012 | $137K | $262K | $402 | $2K | — | View 990 |
| 2011 | $140K | $16K | $125K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.0M, expenses of $18.6M, and assets of $17.1M (revenue -13.9% year-over-year).
- 2022: Revenue of $19.7M, expenses of $14.1M, and assets of $23.3M (revenue +61.5% year-over-year).
- 2021: Revenue of $12.2M, expenses of $11.5M, and assets of $19.2M (revenue -6.6% year-over-year).
- 2020: Revenue of $13.1M, expenses of $14.5M, and assets of $12.9M (revenue -6.6% year-over-year).
- 2019: Revenue of $14.0M, expenses of $15.2M, and assets of $11.7M (revenue -25.9% year-over-year).
- 2018: Revenue of $18.9M, expenses of $10.6M, and assets of $13.2M (revenue +198.7% year-over-year).
- 2017: Revenue of $6.3M, expenses of $6.4M, and assets of $4.5M (revenue -31.1% year-over-year).
- 2015: Revenue of $9.2M, expenses of $6.1M, and assets of $4.3M (revenue +657.5% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.6M, and assets of $105K (revenue -13.7% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.0M, and assets of $778K (revenue +925.3% year-over-year).
- 2012: Revenue of $137K, expenses of $262K, and assets of $402 (revenue -2.0% year-over-year).
- 2011: Revenue of $140K, expenses of $16K, and assets of $125K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Global Development Incubator Inc:
Data Sources and Methodology
This transparency report for The Global Development Incubator 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.