World Missions Advance Inc

Analysis

World Missions Advance Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, World Missions Advance Inc reported income of $824k and spending of $773k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $633k to $824k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, World Missions Advance Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include American Imams Academy ($824k), Ministere Jesus Haitian Inc ($824k) and Sai Dhyan Mandir ($824k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $70k (9.0% of expenses). Other salaries and wages came to $31k. At year end it held assets of $477k against liabilities of $3,353, net assets of $473k. It reported 2 employees.