Worlds of Opportunity Foundation

Analysis

Worlds of Opportunity Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Worlds of Opportunity Foundation reported income of $1.6m and spending of $1.8m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.6m (-1.4%), an average of -0.4% a year. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Worlds of Opportunity Foundation 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 84th percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Haw River Christian Academy Inc ($1.6m), North Star Child Development Center Inc ($1.6m) and Brooklyn Institute for Social Research ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $20.7m against liabilities of $22.3m, net assets of -$1.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.