Word Foundation Inc

Analysis

Word Foundation Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in April 1968, 58 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Word Foundation Inc reported income of $80k and spending of $126k, spending 158% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $90k to $80k (-11%), an average of -3.8% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Word Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Ohr Leami ($80k), Mision Franciscana Nuestra Senora de LA Paz FMCP ($80k) and Relevant Church of Mobile ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. Compensation of current officers, directors and key employees was $54k (43% of expenses). At year end it held assets of $694k against liabilities of $1,956, net assets of $692k. It reported 2 employees.