Global Charitable Resources Inc
- Assets
- $156.4k
- Revenue
- $253.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Davidsonville, MD
- Founding
- 09/2010
- Data as of
- 06/2022
- EIN
- 27-2252633
Organization Overview
Global Charitable Resources Inc is located in Davidsonville, MD. The organization was established in 2010. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Charitable Resources Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Global Charitable Resources Inc generated $253.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 71.2% each year . All expenses for the organization totaled $241.6k during the year ending 06/2022. While expenses have increased by 15.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GLOBAL CHARITABLE RESOURCES PROVIDES ASSISTANCE TO NOT-FOR-PROFIT HUMANITARIAN AID, EDUCATIONAL AND RELIGIOUS ORGANIZATIONS THROUGHOUT THE WORLD. OUR GOAL IS NOT TO "REINVENT THE WHEEL", BUT TO ASSIST THOSE WHO ARE ALREADY ON THE GROUND PROVIDING SERVICES IN THEIR LOCAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUMANITARIAN AID: THE ORGANIZATION PROVIDED A SIGNIFICANT AMOUNT OF HUMANITARIAN AID IN THE FORM OF MEDICAL SUPPLIES, CLOTHING, AND HOUSEWARES.
GENERAL CHARITABLE ACTIVITIES
MISSION SUPPORT: GUATEMALATHE ORGANIZATION DONATED FUNDS TO SUPPORT ORGANIZATIONS WITH ESTABLISHED MISSIONS IN GUATEMALA.
MISSION DEPOT: THE ORGANIZATION OPERATES A THRIFT STORE IN PARKSLEY, VIRGINIA THAT SERVES THE LOCAL COMMUNITY AND THOSE IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Burr President | OfficerTrustee | 12 | $0 |
Donna J Burr Secretary | OfficerTrustee | 8 | $0 |
James R Burr Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $229,480 |
| Noncash contributions included in lines 1a–1f | $205,943 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,480 |
| Total Program Service Revenue | $0 |
| Investment income | $33 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $23,819 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $205,943 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $175 |
| Fees for services: Accounting | $5 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,814 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,250 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $558 |
| Insurance | $415 |
| All other expenses | $285 |
| Total functional expenses | $241,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,025 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,413 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $156,438 |
| Accounts payable and accrued expenses | $157 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $157 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $156,281 |
| Total liabilities and net assets/fund balances | $156,438 |
Grants Awarded
Over the last fiscal year, Global Charitable Resources Inc has awarded $21,806 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE OF LIFE INTERNATIONAL PURPOSE: ASSISTANCE FOR GUATEMALA MISSION | $13,306 |
GARDENDALE FIRST BAPTIST CHURCH PURPOSE: ASSISTANCE FOR HAITI MISSION | $8,500 |