World Education and Development Fund

Analysis

World Education and Development Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, World Education and Development Fund reported income of $1.6m and spending of $1.4m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.9m to $1.6m (-15%), an average of -4.1% a year. The sharpest change came in the year to September 2021, when income dropped by 24%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, World Education and Development Fund sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include United Way of Southern Chautauqua County ($1.6m), United Way of Kennebec Valley ($1.6m) and Team Up ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $116k (8.3% of expenses). Other salaries and wages came to $441k. At year end it held assets of $2.4m against liabilities of $58k, net assets of $2.3m.