Effie Worldwide Inc

Analysis

Effie Worldwide Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Effie Worldwide Inc reported income of $10.0m and spending of $11.2m, spending 113% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $5.2m to $10.0m (+91%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 465%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Effie Worldwide Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Buffalo and Erie County Workforce Development Consortium Inc ($10.0m), Southwest Alabama Partnership for Training and Employment Inc ($10.0m) and Community Entry Services Inc ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $2.1m (19% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $4.5m against liabilities of $2.3m, net assets of $2.2m. It reported 33 employees.