Nonprofit screen
Screen a listThe Global Development Incubator Inc
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$22Mrevenue
FY2024 · +76% in 3 yrs28staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−0.2%
Months of reserve0.5mo
Revenue growth (annualized)+19.1%
Middle half of peersMedianGlobal Development Incubator
Where the money goes FY2024 · $22M spent
Programs$19M89%Management and general$2.4M11%990 FY2024 · Part IX line 25
Worth checking2
A funder worth 13% of revenue stopped after FY2020
Wellspring Philanthropic Fund Inc gave about $1.1M a year for four years, 13% of revenue in FY2020.
Funders’ 990-PF grant listsDeficits in 2 of the last 3 years
−$1.7M in FY2023 and −$35k in FY2024. Cash covers 0.5 months, under the peer median of 2.8.
990 Part I and balance sheetIn its favor3
Strong governance
7 of 7 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 19% a year since FY2017, in the top quarter of similar nonprofits.
990 Part I · peer cohortA history of government grants
Government grants on 8 of its 8 returns, 15% of revenue in FY2024. $19M is traced federal awards from Agency for International Development.
990 Part VIII · USAspending60funders
$6.4Ma year, last 3 years
26%from its largest funder
Funder’17’18’19’20’21’22’23Rural India Supporting TrustSince FY2018$603k$638k$259k$1.1M$764k$1.6MMastercard FoundationStopped after FY2020$1.3M$1.0M$1.5M$576k–Wellspring Philanthropic Fund IncStopped after FY2020$2.0M$200k$436k$1.7M–The Aspen Institute IncSince FY2018$150k$172k$355k$225k$352k$935kConrad N Hilton FoundationSince FY2021$575k$625k$250kMulago FoundationOn and off$50k$80k$300k$250k$500kDonor-advised giftsDonors not disclosed$108k$2.4M$563k$200k$1.2M$1.1M$5.3M30 other fundersUp to $1.0M a year each$1.6M$1.8M$1.3M$976k$1.0M$1.5M$1.7M
FundedThrough a donor-advised fundStopped