Litworld International Inc

Analysis

Litworld International Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Litworld International Inc reported income of $953k and spending of $972k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $953k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 89% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Litworld International Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include German American Partnership Program Inc ($949k), Princeton in Asia Inc ($953k) and Cec Artslink Inc ($948k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $161k (17% of expenses). Other salaries and wages came to $254k. At year end it held assets of $2.0m against liabilities of $38k, net assets of $1.9m. It reported 10 employees.