Cloud Walk Worldwide Inc

Analysis

Cloud Walk Worldwide Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in April 2006, 20 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, Cloud Walk Worldwide Inc reported income of $767k and spending of $441k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $424k to $767k (+81%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cloud Walk Worldwide 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 76th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include Quran Foundation Inc ($767k), Center for the Practice of Zen Buddhist Meditation ($768k) and Wellspring Adoption Agency Inc ($767k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $222k (50% of expenses). Other salaries and wages came to $57k. At year end it held assets of $1.9m against liabilities of $4,692, net assets of $1.9m. It reported 3 employees.