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Global Majority Consortium

EIN 85-2167781 · Seattle, WA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthNot ratedToo small or too little detailGovernanceWeak29 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROMOTE WEALTH, EDU, LEADERSHIP, FIN RESPONSIBILTY VIA COMMUNITY OUTREACH OFFERED AT NO COST.

Income
$159,607
Spending
$31,223
Reserves
62.9 months of spending
Largest source of income
government grants, 100%
Employees
2
Highest pay
$9,586, co ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 29 out of 100. Higher than 10% of charities in its peer group (education, under $250k).

  • Independent board

    0 of 25

    0 of 2 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. Primary Program: Financial Coaching and Literacy Initiative Description:In partnership with the Washington State Department of Commerce, GMC implemented a comprehensive, two-year Financial Coaching and Literacy Initiative designed to build culturally responsive financial stability within historically marginalized communities disproportionately impacted by inequitable economic systems and past drug-related legislation.Through this program, GMC provided all services free of charge to participants. Activities included a two-day Financial Coaching Symposium, ongoing personalized financial coaching,and a series of financial literacy classes covering budgeting, debt reduction, credit repair, investing, homeownership, trust and estate planning,and entrepreneurship. What Was Done: Hosted a two-day community Financial Coaching Symposium with expert speakers on homeownership,credit building, investing, entrepreneurship, and generational wealth. Delivered one-on-one financial coaching to participants throughout the two-year grant period. Conducted recurring financial literacy workshops and community education sessions focused onculturally relevant financial empowerment. Who Benefited: BIPOC and low-income individuals and families from across Washington State participated in the program,gaining tools for wealth building and long-term financial independence. How It Furthers the Exempt Purpose: This initiative directly advances GMCs mission by increasing access to equitable financial education and coaching,helping participants build generational wealth, and addressing systemic barriers to economic mobility. Financial Information: Total Program Expenses: $375,000 (over the grant period March 2024 June 2025) Grants Received: $375,000 (Washington State Department of Commerce Financial Coaching and Literacy Grant) Revenue Generated: $0 (all services provided free of charge to all participants.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2022.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.